The institution expects its exposure to climate transition solutions to exceed exposure to fossil fuels in the coming years as investment activity in climate transition ramps up and fossil fuel exposure winds down.
The college announced it will eliminate all direct holdings of fossil fuel companies and will not make new investments in private funds that focus exclusively on oil and gas extraction.
The treasurer’s office has selected an investment advisor to handle its infrastructure fund in a non-discretionary fund-of-funds structure following a search.
The company along with a foundation and economic development-focused commission have committed to a regional impact vehicle as lead investors to accelerate community development funding across Appalachia.
The firm has completed its acquisition of a specialist global ESG and impact fixed-income investment manager, adding approximately $1 billion to its total assets under management.
Two managers were selected to manage the capital investment vehicle designed to channel private capital to mission-driven banks due to their complementary backgrounds.