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The global private investment firm recently invested $825 million in the insurance and asset manager to acquire a nearly 10% stake in the company.
The chief operating and financial officer will retire later this year after more than two decades of service, including helping the organization achieve values-alignment with more than 80% of its endowment.
The investment analyst will monitor existing managers in the portfolio, provide recommendations for changes and conduct due diligence.
The organization is seeking an advisor with a history, especially with fixed-income securities, to provide investment and depository services.
The foundation approved appointing its chief administrative officer as its next ceo as its current head will retire on June 30 after more than three decades leading the organization.
The foundation added an investment associate from a nearby foundation in September to maintain an up-to-date potential manager pipeline and analyze investment opportunities.
The search is being conducted ahead of incumbent RVK’s Dec. 31 contract expiration.
The firm has closed its third co-investment private equity fund at its hard cap with more than $2 billion in commitments.
Hyas Group currently provides the services for the $143 million plan.
The firm, which is affiliated with a life insurance company, has hired a new associate of capital markets and sourcing alternatives from a college that outsourced the management of its endowment in September.