Daily Feed
The college savings plan expects to elect a new board chair next month as its current chair resigned from the role last week.
New partner hire assumes a key leadership role within the Comvest Special Opportunities investment platform.
Firm made changes to two of its portfolio management teams in light of a portfolio manager departure.
Firm today announced the addition of Tommy Levengood as a managing director on its investment team.
John Ceffalio joined the firm as head of municipal client portfolio management.
The commitments represent new relationships for the plan.
Four firms will vie for a $45 million mandate.
The plan approved commitments of up to $40 million each to two strategies.
The plan will look to commit $100 million to private equity and $60 million to real estate this year.
The rebranding coincides with the middle market real estate firm’s 50th anniversary.