The system is searching for an investment portfolio manager and investment associate to help grow the investment portfolio across its pension, foundation, cash and long-term investment pools as part of the buildout of its internal team.
The university is seeking a firm to provide investment advisory, management, custodial and reporting services for a portion of its endowment initially.
The hires followed finalist interviews held at last month’s board meeting while the fund decided against hiring either of the two closed-end core real estate managers it considered.
The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.
The associate will help in all facets of portfolio oversight as the foundation is looking to add capacity to help maximize its endowment and program-related investments and manage a complex, larger, more mission-aligned portfolio.
The foundation hired an investment director to focus on private market investments following a search launched earlier this year due to the promotion of the previous director to managing director in 2021.