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The university has increased its targets to private equity and real assets at the expense of global equity and marketable alternatives to improve its portfolio’s return and risk profile.
The university has elected four new members to its board of trustees, including one investment professional, and named a new board chair effective July 1.
The university added seven new members to its board of trustees, including one former investment professional and an operating advisor for a private equity firm.
The firm has acquired a Maine-based investment advisor, which works with individuals, family offices and institutional investors, as part of its continued expansion in the state.
The fund expects to receive recommendation from staff and its general investment consultant to hire extended equity 130/30 and multi-strategy hedge fund managers after approving a new asset allocation at its July board meeting.
The foundation expects to conduct a search for an investment advisor for its endowment later this year or early next year as its current advisor has struggled to recommend women- and minority-owned or led investment managers.
The college increased its endowment toward private equity and venture capital and increased its long-term ranges to the asset class for a second consecutive year.
Fund VI closes with more than $1 billion in new capital commitments.
Firm has closed SKCP Catalyst Fund II with total committed capital of $800 million.
The plan concluded a domestic large-cap growth equity manager search in the second quarter.