A private equity firm focused on the manufacturing and industrial sectors has raised a second fund with commitments from endowments, family offices and outsourced cios.
The foundation promoted a staff member to serve as its new v.p. of operations and treasurer as the previous operations and finance head retired after 25 years with the organization.
The foundation is seeking a director of marketable investments to focus on providing portfolio management support and coverage across public equity, hedge funds, portable alpha, fixed-income and cash.
The endowment’s president and ceo is stepping down form the role to focus on personal priorities and the organization has named its recently appointed v.p. of programs and grants as the interim ceo.
The peer-learning network has launched a Responsible Tech & AI Initiative to engage endowments, foundations and financial service firms around various risks related to their investments in technology and artificial intelligence.