Daily Feed
The plan issued an RFP in January due to the contract expirations of its incumbents, which all submitted bids in the search.
The searches include a maiden domestic small- to mid-cap equity mandate.
The pension plan made $665 million in total private equity/current return and real estate commitments in the second quarter.
The firm has raised $5.6 billion for KKR Asset-Based Finance Partners II.
Allocations to illiquid asset classes will provide university portfolios with stronger returns relative to public equity or bond markets over the long term, despite liquidity or spending squeezes in the short term.
A global asset manager has closed its third fund providing loans to commercial properties for projects improving energy efficiency or environmental resiliency.
The director of finance will be responsible for the foundation’s accounting, operations budgeting, financial reporting, payroll and human resources and audit and tax preparation.
The community foundation hired an investment manager for its endowment, flowthrough legacy and agency funds.
The institution temporarily paused making investments in illiquid assets in the first quarter after reviewing its investment policy and guidelines, where concerns about private equity investing and not having an updated five-year strategic plan were made.
Just over a week ago, Pennsylvania-headquartered SEI purchased a majority stake in Stratos Wealth Holdings for $527 million. FWR asked SEI’s CEO and other senior figures about the reasons for the deal, the outlook for wealth advisory, and more.