California Endowment Commits To Mission Aligning Its Investment Portfolio

The endowment has committed to aligning its $4 billion in assets under management with its mission and values and is developing a new impact framework to guide its investment decisions.

Industry News
Global Manager Launches Decarbonization Bond Fund, Adds Multi-Strategy Business Team Members

The firm has launched a new short-duration bond fund focused on decarbonization with a seed commitment from an investment consulting firm, while also making several new appointments within its core multi-strategy business.

Industry News
Northeast Pension Plan Divests From Eight Oil & Gas Companies

The divestments stem from New York State Comptroller Thomas DiNapoli’s Climate Action Plan.

Smaller Endowments Outperform Larger Peers As FY23 Average Returns Exceed FY22: Study

The average 2023 fiscal year return of colleges and universities’ endowments exceeded fiscal year 2022 returns as the smaller endowments’ public market exposures helped them outperform their larger peers.

Private Equity
Sustainable Investment Platform Makes Strategic Investment In Minority & Women-Owned PE Firm

The sustainable investment platform made a strategic minority investment in a minority and woman-owned middle market private equity firm and the investment will provide growth capital to enhance the firm’s infrastructure, capital base, human capital and overall resources.

People Moves
Global Manager Names New Sustainability Head

The firm has appointed a managing director and head of sustainability to leads its sustainability and responsible investment strategies and focus on developing its in-house ESG investing framework.

People Moves
Global Equity Firm Hires Portfolio Manager For Sustainable Equity Strategy

The firm has hired a portfolio manager and analyst focused on sustainable investments to lead its global sustainable equity strategy.

Midwest Economic Development Agency Seeks Firms To Launch Clean Energy Fund

The agency is looking for firms to help build and implement a bond and direct lending clean energy fund.

MRI/Social Investments
Rocky Mountain DC Plans Hire Sustainable Equity Manager

The plans added a sustainable equity manager to their lineup in October after initially receiving an ESG/socially responsible product analysis search book in April.

Investors Must Work Together in Pursuit Of Climate Finance Themes: Study

A new report finds finds that investors are actively seeking opportunities in areas like power generation and decarbonization, but few climate financing requirements have been met.