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The hire concludes the plan’s search to replace Allspring Global Investments, which was terminated last year due to underperformance.
It’s TPG’s second fund focused on providing flexible capital solutions to the technology industry.
The plan approved a pair of commitments at today’s board meeting.
The plan committed $134.4 million total to three investment managers last week.
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The foundation is searching for an investment manager to invest its portfolio and develop strategies that align with liquidity, risk and income criteria.
The university has hired a new cfo to oversee its finance and investments following a search from last year as its previous finance head left for a Southern university.
The system approved a private equity commitment to an existing manager within its endowment last month.
The university extended the deadline for proposals in its search for firms to provide investment advisory and management services for its three-tiered operating funds portfolio after launching the search at the beginning of the month.
The university approved a private equity commitment to a new manager within its endowment fund alongside changes to its investment policy.