Sawgrass Asset Management, LLC, a registered investment advisor based in Jacksonville, FL, has partnered with Alta Trust, a South Dakota chartered trust company, to create a Collective Investment Trust (CIT).
The firm announced that it has successfully held the final closing of the Adams Street 2020 Global Fund Program with approximately $823 million in committed capital.
A foundation in the Mid-Atlantic region will divest its endowment from existing fossil fuel interests while refraining from future fossil fuel investments.
A West Coast pension plan amended its sub-asset class target allocations within its real assets portfolio at the recommendation of staff and its investment consultant.