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Plan’s board committed $130 million to a private equity energy fund and was notified of an additional private equity commitment this week.
Plan’s new 4% target to private equity will help increase its expected return.
He will focus on continuing to grow the firm’s European corporate credit investment platform.
She will lead the company’s research and data analytics capabilities.
Commitment is with a private equity strategy centered around making investments in the North American midstream energy sector.
Trustee served on the Baltimore-based university’s investment committee for years before joining its board of trustees in October 2018.
The firm will see a co-founder step down from its executive committee, while various heads of international regions and countries are retiring and transitioning away from the roles.
The university added several venture capital strategies and a buyout private equity fund to its endowment in the first quarter.
The university is searching for a new v.p. of finance and administration and cfo to oversee its investment, finance, budget, treasury, real estate, business services and risk management services among others.
The board does much of its work through standing committees that include finance, audit, compensation and organizational development and the Rice Management Company.