At least three nonprofit organizations have committed to a venture capital manager’s inaugural fund, which recently closed with more than $60 million in commitments.
The college’s board of trustees decided against a student proposal to divest its endowment from military and surveillance companies.
The firm has promoted two team members as managing directors on its healthcare and investor relations teams.
The managing director of investments will oversee and manage the endowment with a focus on its alternative investments.
The plan has issued an RFP seeking a municipal advisor to provide general advice and counsel to staff as well as guidance on overall industry issues and trends.
The tribe’s previous investment head left to move back to Chicago and work for an asset manager.
Several prominent foundations and endowments changed investment heads over the course of 2024.
Investment consulting and advisory firms that cater to endowments, foundations and health systems experienced further consolidation in 2024, as many merged or were acquired while others opened shop or shuttered.
The college savings plan launched a search in the third quarter due to the incumbent firm’s impending contract expiration.
The new cfo and v.p. of administration will lead, manage and oversee the foundation’s operational and administrative areas.