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Industry News
Marathon Closes 3rd Vintage ABL Fund

The firm closed the third vintage of its closed-end asset-based lending fund, which was oversubscribed at $1.7 billion in commitments.

07.11.23
Consultant/OCIO/Discretionary
Mid-Atlantic State Treasury Taps New Consultant

The firm will provide investment consulting services for the Treasury through June 30, 2027.

07.11.23
Alternatives
Texas Pension Adds Alternatives Commitments

The plan added $90 million across two commitments in the second quarter.

07.11.23
People Moves
Mid-Atlantic Foundation Snags Investment Ops. Director From Western Health System

The foundation hired a v.p. of investment operations from a Western health system following a search for the newly created role earlier this year.

07.11.23
People Moves
Ivy League MD Leaves To Join Former Colleague’s Firm

The managing director recently left the institution to join a global, multi-asset endowment-style fund that was formed by a former colleague as a partner.

07.11.23
Passive Equity
Midwest 529 Plan Moving Int’l Equity Portfolio To Passive Mgmt., Adds Firm

The college savings plan approved adding a passive international equity comingled fund to its portfolio at the expense of two actively managed funds to reduce risk and lower management costs.

07.11.23
People Moves
Southern Health System Wraps Up Director Of Investments Search

The system hired a director of investments for public equities from a southern defined benefit plan, where they served in a similar role, following a search from earlier this year.

07.11.23
Multi-Asset/Investment Advisor
Southern College Issues Investment Advisor RFQ

The college is seeking responses from firms with experience in developing portfolio investment guidelines.

07.11.23
MRI/Social Investments
Midwestern Foundation Launches Impact Investing Strategy

The foundation recently launched an impact investing strategy with a $5 million commitment intended to advance racial equity in the area or other strategic areas, including youth, public safety, economic opportunity and neighborhoods.

07.11.23
People Moves
Southern Foundation Impact Investments Lead Exits To Launch Impact Firm

The managing director overseeing impact investment funds left the foundation in June to launch their own firm that aims to design, build and implement impact investment programs at philanthropic groups.

07.11.23