Daily Feed
The university authorized its board chair to execute or decline a private equity commitment within its endowment in the third quarter.
Firm has added four senior v.p. and portfolio managers to its investment team.
The pension added a new investment and co-investment in real estate and two additional commitments to existing secondaries and venture capital managers in October.
About 42% of the university’s asset managers are diverse-owned as of June 30, a slight downtick from the 44% reported in 2021, but up from the 40% reported in 2020.
The trust has promoted its interim director of investments as v.p. of investments and finance to oversee and manage its investment portfolio on a permanent basis.
The current ceo announced her retirement last month.
The hire concludes an investment advisor RFP search launched in August.
The fund focuses exclusively on founder-led and family-owned businesses with EBITDA of more than $15 million.
The search is to potentially replace a current underperforming manager.
The plan decided to move one of its active international equity managers to passive management following performance concerns.