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The selected firm will replace an incumbent that was terminated earlier this year.
The plan also decided to not continue with its REIT manager search.
The $20 million commitment results from an ongoing search in the space.
The vehicle closed at its hard cap and was oversubscribed with investors, including current and former management team members, foundations, diversified financial institutions, university endowments and family investment offices.
The firm has launched a new fund targeting seasoned mortgage-backed securities.
The foundation recently appointed the chair of one of the world’s largest stock exchange groups to its board of trustees, which oversees its investment strategies, allocations and performance.
The firm has appointed an operating partner to help identify and support new investments in wealth and asset management.
A foundation based in the Midwest and two managers have put more than $1 billion in capital toward global sustainability and development goals.
The foundation has tabbed its v.p. of community strategies to serve as its first chief impact officer and manage its impact investments.
The university hired an investment analyst to help with diligence, execution and monitoring of investments across asset classes.