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Jay Yoder will retire at the end of the month.
The termination resulted from a public equity structure review presented by its general investment consultant on Wednesday.
The plan is seeking several managers to handle a yet-to-be-determined mandate.
The plan committed $100 million total to private equity and private credit and approved a 2023 private markets pacing plan this week.
The plan was notified of two credit commitments and a core real estate manager termination at yesterday’s board meeting.
The plan hired a global equity manager to replace its incumbent, which was liquidated this summer.
Private assets, ESG and Chinese equity will help endowments and foundations garner strong returns over the long term without missing opportunities in the short term, according to a new report.
The university will consider revising the target asset allocation for its model portfolio, including increasing the allocations to venture capital and private equity and natural resources, this week.
The minority-owned venture capital firm has closed two tech-focused funds with 90% of the combined capital coming from traditional, institutional LPs including endowments, funds-of-funds, foundations and consultants.
The investment advisor will absorb staff from the recently acquired Southeastern regional advisor as it looks to grow its individual and institutional client base in Florida.