Industry News
The university added two new members to its board of trustees, including the managing partner of a venture capital firm.
The foundation recently added the founder and ceo of an investment manager and the top academic officer of a state university to its board of trustees.
The upcoming retirement was disclosed at a pension board meeting today.
The fund closed at its hard cap of $600 million in under four months.
The strategic partnership will see both firms and their funds managed independently.
The oversubscribed fund closes with approximately $940 million in commitments.
The fund exceeded its $750 million fundraising target.
The firm’s current ceo and co-founder will remain as executive chair of the board.
KKR has agreed to a minority economic stake and will invest in Catalio’s funds.
The university hired a senior investment analyst to help oversee and manage its $2.3 billion endowment.