Industry News
The philanthropic organization has promoted a managing director of real assets as its first deputy cio to deepen their engagement in long-term strategic decisions.
The university hired a v.p of business and finance and cfo at the start of the year to oversee its finances and investment portfolio after its previous finance head left to join the state’s department of revenue.
The financial services organization recently elected an Ivy League administrator to its board of trustees to serve on the risk and compliance, nominating and governance and human resources committee.
The first private equity initiative of Ariel Investments will leverage $1.45 billion commitments.
The fund exceeded its $600 million hard cap with commitments from new and existing investors.
The plan has appointed two executive v.p.s to replace employees who will depart in the coming months.
The firm promoted its cio to president and cio at the beginning of the year after more than eight years as investment head.
New cfo will lead the foundation’s financial function and help oversee its investment portfolio after its previous finance head left last summer to start their own business consultancy firm.
Firm has completed fundraising for its eighth special opportunities fund.