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As nonprofit investors expect market volatility to continue, with the possibility of an economic recession on the horizon, many are seeking early-stage private equity, private debt, real estate, infrastructure or hedge fund strategies to capitalize on macro trends that include a slowdown in economic growth, rising inflation, emerging technologies and demographic trends.
The firm added two new members to its advisory board as one of its inaugural members is set to retire after five years of service.
Mega endowments continue to outpace their smaller peers despite the challenging market environment due in part to greater allocations to diversifying alternative asset classes, according to a recent report.
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.
The firm acquired an advisory team that oversees more than $2 billion on behalf of individuals, families, endowments and foundations, the majority of which are located in the middle Tennessee region.
The global investment firm has acquired a wealth advisory team based in Austin, Texas, which marks its first investment advisory team in the city.
The firm has added a green energy infrastructure investment team to its Asia business and the transaction is expected to be completed next month.
The philanthropic organization has tabbed a new president after its previous head left last year.
The institution approved four new voting guidelines on climate commitments, biodiversity, racial equity audits and cybersecurity in 2022 and has made the guidelines available publicly.
The firm opened two new offices in the Midwest and Southwest after hiring a seven-member team to lead them in 2021.