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The foundation hired its first-ever coo to oversee its operations, finances and investment portfolio after its cfo retired at the end of the first quarter.
The university’s cio left earlier this month after roughly four years in the role.
The university has committed nearly one-third of the capital committed to the pan-Canadian impact investment fund, which expects to hold its final close on or before March 31.
The institute has promoted its associate director and senior portfolio manager as its next investment head as its cio is retiring to launch an investment advisory firm.
The university retained its incumbent discretionary investment advisor following a search launched in the first quarter.
The university hired a new outsourced cio to handle its endowment late last year following an invitation-only search process.
The foundation hired a director of public investments in the third quarter after bringing its investment management and operations in-house earlier this year.
The plan will fund the hires by terminating three existing firms.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
Ares Management has raised approximately $1.5 billion in capital for Ares Direct Lending’s dedicated specialty healthcare strategy.