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The strategic plan calls for committing $300 million to the asset class.
The plan approved an RFP seeking value-add real estate managers to handle $7 million.
Dana Hildebrandt has joined as head of the firm’s consultant relations efforts in North America.
Decision follows a partial acquisition of the incumbent firm that has left its equity team with $800 million in assets under management.
The plan added a core strategy to diversify its existing domestic large-cap equity portfolio consisting of value and growth managers.
The plan initially launched its search to replace Christina Elliott in January.
He will focus on global and regional economic research, analysis and commentary in the newly created role.
The wealth management firm recently hired a senior investment officer from a Southern pension system to serve as v.p. and work with clients on establishing investment guidelines and create strategic and tactical balanced portfolios to suit their needs.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.