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The university has promoted a finance staff member as its new v.p. of finance and administration and cfo after its finance head retired following 18 years in the role.
The system increased its investment with an existing long/short hedge fund manager and added two private equity commitments with existing managers earlier this month.
The managing director will be involved in all aspects of the firm’s operations, finance and compliance as well as strategic firmwide operations initiatives.
The director will work with clients to help address and anticipate their service and planning needs.
The plan committed $25 million to a new non-core real estate manager and approved a fiscal 2023 private markets pacing plan this month.
Plan will look to increase a direct lending fund-of-one commitment to $500 million from $300 million this week.
The new COO retains her previous responsibilities as General Partner.
He will focus on investment-grade credit for the specialized fixed-income investment team.
He will focus on industrial decarbonization projects at Ara portfolio companies.
The fund will make non-control special situations investments in the technology, industrial and consumer sectors.