Industry News
The fund provides access to private equity managers and investors in Europe and Asia.
The investment follows Post Road’s closing of its second Special Opportunity Fund.
The number of nonprofit groups using ESG or impact investment strategies have increased, but many worry about returns.
A growing number of independent schools are talking about responsible investing, though they have been slow to implement.
Historically black colleges and universities, typically limited by the size of their assets, are looking to gain further access to alternative assets, particularly private equity and venture capital, as they seek to grow their endowments to further their mission as well as capture outsized returns that have swelled higher education institutions’ portfolios, according to investors and allocators.
Platform will span the group’s equity, hybrid and yield businesses.
Fund is backed by several institutional investors and endowments.
The firm focuses on North American small- and medium-sized businesses.