Industry News
The plan hired a veteran investment staffer from the Los Angeles City Employees’ Retirement System.
The low middle market buyout fund will follow the same investment strategy as the firm’s predecessor funds.
The deal would have seen Spouting Rock Asset Management acquire approximately 70% of the private market value equity firm over the course of two years.
The foundation has promoted a senior member of its investment team to cio and is conducting a search for a director of investments to succeed the role vacated by the new investment head.
The firm recently named a partner as the new team leader for its foundation and endowment practice.
The private equity firm’s oversubscribed low middle market buyout strategy was double the size of its predecessor fund.
The new chief U.S. economist succeeds Ellen Gaske, who retired after 26 years with the firm.
The fund reached its hard cap of $633 million on June 30 after launching fundraising at the end of February.
The institution was named as having the “Best Emerging Manager Program” based on an a survey of institutional clients of a global fintech platform, beating out large and prominent public pension plans and endowments.
The firm has hired a head of global investment insights, sustainability and impact to oversee its sustainability efforts and deliver insights to clients and the broader industry.