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The foundation is considering introducing alternatives investments within its portfolio after hiring a new firm to provide non-discretionary investment consulting services to conclude an RFP process from last year.
The organization changed its name to the Andrew Carnegie Foundation to honor its founder on the 115th anniversary of its formation.
Seth Almaliah and John Marco will lead the next era of growth at the investment consulting firm.
The nonprofit is seeking firms to provide discretionary investment management services for its up to $40 million in assets.
The search is being conducted due to incumbent Callan’s upcoming contract expiration.
The university recently rehired its incumbent investment manager to oversee its operating fund portfolios, extending its contract with the firm through July 2029.
The retirement system terminated its global large-cap growth equity manager last month.
The university is searching for two investment analysts to primarily help with monitoring and due diligence of managers across its public equity, private equity and venture capital assets as well as its credit, hedge fund and real assets portfolios.
The board also recently made a private equity commitment.
The termination stems from personnel turnover at the firm.