The fund will look to commit more than $300 million across private equity and private credit this year as part of the pacing plan to reach its target allocations by the end of the decade.
The university has hired an alumnus to join its investment team as a managing director tasked with designing, sourcing and maintaining a portfolio of alternative investments.
The role had been filled by an investment team member that left last year to join a global private markets manager as a partner focused on primary investments.
The investment consultant will provide advisory services to support the management and optimization of the university’s investment portfolio, which includes defined contribution, optional retirement and voluntary savings plans.
The university has hired Georgetown University CIO Michael Barry as its next investment head following a search from last year.
Frank Mihail joined the North Dakota Department of Trust Lands as cio in January 2023, where he is responsible for overseeing a three-person team and the agency’s approximately $7.5 billion trust fund portfolio. Mihail, who is tasked with managing overall investment strategies and portfolio construction, directing analyses across asset classes in the implementation of multiple investment strategies and monitoring investment performance, money manager reviews and underlying risks, took the time to answer five questions plus one extra with FIN News.
The institution will conduct a search for a cio to oversee its more than $3 billion in assets as its current investment head will retire after more than 14 years of service.
The woman- and minority-owned office has appointed a partner for research and partner for investments and partnerships as part of the expansion of its investment team.
The programs are searching for a firm to provide consulting and advisory services related to plan design, allocations within multi-asset class options, selection and monitoring of investment managers and ongoing monitoring and reporting of investment performance.
A global alternatives investment group focused on private equity and other private capital strategies sold the majority of its stake in a global private equity manager, which consisted of the group’s entire management fee earnings and future performance related earnings.