The firm closed its first real estate fund with more than $350 million in commitments from a diverse set of institutional investors that includes foundations, pension funds, registered investment advisors, family offices, banks and their clients.
The state’s senate recently passed legislation mandating that the state’s public universities invest a limited portion of their endowments into state-certified innovation funds.
The firm has appointed a new head of U.S. transactions as its previous head has transitioned to a portfolio manager role for one of its funds.
The foundation has promoted its senior portfolio manager focused on private equity assets as deputy cio to assist its investment head in the oversight and management of its portfolio.
The fund approved a private equity fund-of-one commitment with a firm that was a semifinalist in its original search to build out its private equity allocation with a fund-of-one commitment in 2020.
The firm has named an in-house successor to its current head, who is set to retire next month after 37 years with the organization.
The plan will add new firms to its hedge fund portfolio over the next 18 months as it looks to adopt the second version of its strategic partnership program.
HBCUs have done the work of developing and producing leaders in the financial services and investment sectors in the face of funding cuts and other institutional barriers.
The firm expanded its employee ownership to include a senior v.p. and consultant, reflecting both their individual contributions and the firm’s sustained growth across the Southeast.
The wealth management and strategic advisory firm’s incumbent cio is transitioning to a new role as chair of the firm’s board of directors.