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In a different set of circumstances, Peng Wang might have become a physicist rather than Group Health Foundation’s new chief investment officer.
The recent study continues to see greater participation and transparency among foundations as the nonprofits continued to increase investing with diverse-owned firms.
The plan approved a new asset allocation for its Core Trust Fund yesterday.
The plan committed $910 million total to one new manager and two existing managers this week.
The commitment will fit into the debt-related special situations bucket of the plan’s private equity portfolio.
The plan disclosed two private equity commitments and its exposure to the bankrupt cryptocurrency exchange yesterday.
The firm added two operating partners to work with management and investment teams to build value with its portfolio companies.
The city, which has been reinvesting matured investments in the State of California’s Local Agency Investment Fund, hired a firm in September.
The firm closed its third commercial real estate debt fund with $600 million.
The plan is looking for non-core fixed-income strategies enhance its portfolio.