Daily Feed
The university approved buyout and growth equity commitments with private equity managers that represent new relationships for the institution.
The university hired a new vice chancellor for finance and administration from a nearby institution, which is now conducting a search for their successor.
The healthcare system selected a new consultant to oversee its operating and pension funds following a search from last year and the firm will conduct an asset allocation study in its first year of engagement.
The university updated the 2023 fiscal year investment policy targets for its endowment, increasing its targets to private equity and absolute return.
The third opportunity zone fund comes after the firm held the final close of its second opportunity zone strategy in excess of its predecessor fund.
The university recently hired a managing director to help oversee its endowment after working for more than a decade at a Southern foundation, most recently as deputy cio.
The university is searching for a v.p. for finance and administration to manage its endowment and oversee its investment portfolio after its previous finance head left at the beginning of the year to join a boarding school as cfo.
The fund wrapped up its search for a firm to provide fixed-income investment management services for its portfolio at its May board meeting, selecting a firm over six others based on its fees and past performance.
The program approved changing an underlying emerging market det fund within its lineup due to outperformance and its investment consultant’s bias toward active management in the less efficient asset class.
The community foundation has partnered with local government to invest $200 million in loans and grants for affordable housing projects.