MRI/Social Investments
The plans are reviewing recommendations to replace three existing managers.
The treasury has selected a fund manager to oversee the day-to-day operations and manage its social impact investment fund after issuing an RFP in the second quarter of 2024.
The foundation added an undisclosed commitment to a manager’s second private credit impact investment fund, which targets senior secured loans.
The retirement fund is considering a real estate strategy that targets affordable housing as well as neighborhood and community retail/mixed use within the city of Chicago.
The manager recently closed its second private credit impact investment fund after nearly doubling the fundraise for the preceding fund in the series.
The organization selected the final three managers in its search for debt and equity funds that align with its financial return objectives and impact priorities.
The foundation selected an impact investing strategy consultant as part of an ongoing effort to align its investment and financial assets with its mission.
The plan promoted from within for a director to lead and manage the SISS team.
Philanthropist MacKenzie Scott has donated more than $590 million to at least 14 historically Black colleges and universities this year to grow their endowments.
The university is considering replacing an existing ban on securities tied to oil and gas companies within two of its investment portfolios with more flexible environmental and societal impact investment guidelines.