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The global firm has removed the interim label from its ceo, who has been filing the position since August 2021 and has been an investor and board member for more than a decade.
The university appointed the founder and ceo of a private equity firm as chair of its board of trustees on Jan. 1.
The university invested $4 billion in the Blackstone Real Estate Income Trust and the firm will provide a $1 billion backstop if the fund does not achieve a minimum annual return of 11.25% for six years.
The foundation has filled its newly created position of senior v.p. for finance and administration to oversee its portfolio.
The university is searching for a new v.p. for finance and administration as its cfo left in the fourth quarter to join an institution in the South.
Foundation’s current head is set to retire at the end of the first quarter after 13 years of leadership.
The university foundation added several strategies spanning private equity, domestic equity, commodities and high-yield and investment grade fixed-income within its endowment last year.
The search is due to the upcoming contract expiration of the plan’s incumbent.
Spiros “Sig” Segalas co-founded the firm in 1969. He was 89 years old.
The plan, which began a cio search this summer, made a hire at a special meeting today.