The House Ways and Means Committee approved legislation to amend the current 1.4% excise tax on the net investment income of a higher education institution with a tiered system with a max excise tax equal to the corporate tax rate of 21%.
The asset manager has launched a new service that offers institutional clients the ability to follow a sustainability-focused engagement and proxy voting framework and hired a managing director and head of sustainability stewardship to lead its team.
The foundation is looking to hire a director of corporate investment operations to develop and implement its investment operations framework in partnership with its general investment consultant.
The firm has closed its first multi-asset continuation vehicle and secondary fund after receiving commitments from a group of new and existing limited partners led by Coller Capital.