The fund is searching for an investment manager to handle its endowment, develop and implement an investment strategy as well as recommend and manage asset allocation.
The foundation has hired a new cio to oversee its investment strategy and capital deployment as well as lead its investment team in identifying opportunities.
The firm held the final close of its oversubscribed third private equity fund at its hard cap of $750 million, surpassing its $550 million target and the $408 million raised by its predecessor fund.
The system retained its incumbent outsourced cio for its endowment at its September investment committee meeting after conducting a search due to the firm’s expiring contract.
The institution is seeking a firm to provide investment recommendations and execution for bond proceeds totaling more than $100 million.
The firm has hired a director for its investment team and an operating partner to support its investment and ecosystem functions after recently closing an AI-dedicated fund.
The fund approved adopting changes to its target asset allocation at its September board meeting as it also made a $100 million infrastructure commitment.
The fund has received a gift from a philanthropist that will be used to support its $1 billion capital campaign and be invested in its pooled endowment to grow member institution portfolios.
The board voted to divest from companies owned or controlled by the Chinese Communist Party on Sept. 24 and expects the action to be completed by early 2026.
The foundation’s next investment head is joining from an investment management and advisory firm.