Private Equity
A community foundation in the Southwest approved private market commitments within its general portfolio and impact investment portfolio last year.
The plan agreed to advance a general investment consultant RFP and retain its private equity advisor.
The plan has concluded a private equity search started in March.
He will lead a team focused on making direct investments in private companies across North America and Europe.
The plan concluded its consultant search after a due diligence team report last week.
He will lead a newly formed team to combine H.I.G.’s existing technology sector capabilities across multiple investing funds.
Institutions are struggling with how to allocate their alternatives portfolios in search of alpha in today’s markets due to interest rates near all-time lows, tight credit spreads and high equity valuations, according to a recent webinar.
A fund based in the Great Plains region approved a direct lending commitment with a new manager and a private equity commitment with an existing manager at its July board meeting.
Plan disclosed a $25 million buyout commitment and axed a currency overlay mandate in June.
The plan nears two co-investment opportunities.