The investment consultant, which is being acquired by an RIA, shared insights on the acquisition process and why it stood out against the field of other institutional investment consultants.
The system has added at least three members to its investment team in recent months to help oversee its pension, operating, endowment and corporate portfolios.
The foundation established a new endowment to support core institutional needs at historically Black colleges and universities, including infrastructure, technology and institutional capacity.
The fund will spend down its entire endowment to zero after accelerating its planned spend-out with nearly $24 million in grants in the last 15 months.
The investment manager added a head of fixed-income trading and a director and portfolio manager of another asset manager as portfolio managers and managing directors on its emerging market debt team.
The fund approved a recommendation from staff and its general investment consultant to make a co-invest commitment to an infrastructure fund-of-one with an existing investment manager in its portfolio.
The investment consultant will provide strategic investment advice and maintain appropriate risk levels for the association’s portfolio, which could grow to $400 million in assets in the next decade.
The investment director for an asset manager recently left to join a southern hospital as a senior investment analyst to help oversee and manage its portfolio.
The firm has hired an investment director focused on venture capital and growth equity for its investment research team.
The former head of private markets launched a firm focused on helping institutional investors execute secondary investments.