Industry News
The university has promoted its v.p. of finance to cfo to oversee its financial strategy as its finance head left the institution to take over a nearby nonprofit organization as ceo.
The new head of institutional business has been with the firm since 2008.
She will lead the economically targeted investment (ETI) program and oversee the diverse and emerging manager and brokerage programs as well as the broader ESG program.
Stellex Capital Management has hired Jason LaDuke as head of portfolio operations.
The analyst will join the university’s private investments team and help with sourcing, underwriting, closing and monitoring investments with external managers.
The New York-based firm is acquiring a global investment advisor with more than $21 billion in assets under management in a deal expected to close in the second quarter of 2025.
The hire follows a search from last year as the institute’s previous cio left to focus on their board of directors roles, teaching and philanthropic endeavors.
The deal is expected to close this quarter.
Neuberger Berman has closed its third specialty finance fund with over $1.6 billion.