MRI/Social Investments
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.
The university and the investmen¬t arm of a European foundation have both committed to a venture fund focused on climate-related technologies that recently closed.
Hire is tasked with developing an impact investing and advisory platform for the Baltimore-based firm’s clients, which include nonprofit organizations, institutions, individuals, families and financial intermediaries.
The university is altering the advisory committee on social and ethical concerns for its endowment and has drafted a new charter for the group.
The endowment has committed to aligning its $4 billion in assets under management with its mission and values and is developing a new impact framework to guide its investment decisions.
The university will consider approving an impact investment policy statement and investing 0% to 25% of its portfolio in impact investments as part of the policy this week.
The foundation is looking to allocate to new impact investments this year as part of its three-year impact investment program targeting housing and healthcare outcomes in addition to a return of capital committed.
The foundation made an investment in an initiative that aims to increase capital access for Black/African-American, Latinx, Native American and other people of color-led businesses, nonprofit organizations, financial intermediaries and venture funds.
The council laid out plans to achieve an interim target by 2035.
The foundation is reviewing responses to an invitation-only RFP for an impact investment consultant and hopes to conclude the process by the end of February.
