MRI/Social Investments
The foundation is broadening the scope of its impact investment fund as it aims to grow the portfolio to $125 million in total assets.
County is searching for a firm to help it spend $2 million allocated to promoting racial equity.
The state is searching for an investment advisor to manage a new $1 billion infrastructure impact investment program.
The foundation will search for impact investments after adopting an ESG-integrated and impact investment strategy to mitigate the negative impacts of climate change.
Only 13% of museums in the U.S. are engaged in impact investing, compared to 47% of college and university endowments and 51% of foundations.
The new program aims to establish and maintain student-run investment funds at select schools and will establish scholarships for students to increase education affordability.
The discretionary manager has closed its inaugural private equity environmental impact fund with more than $140 million in client commitments.
The university is creating a sizeable endowment to support scholarships for disadvantaged students that also includes a venture fund for student and alumni entrepreneurs.
Plan doubled the size of its social impact investment fund to $400 million from $200 million at its launch in 2018.
The nonprofit hired two firms as partner outsourced cios following an invitation-only RFP process last year.
