Aquisition would allow Riverside to expand Townsend’s market position and for Aon to focus on further serving clients through its human capital and risk capital capabilities.
The college is searching for a cfo and v.p. for finance and administration to oversee its financial, human resources and administrative operations after its previous finance head left to pursue a new opportunity last year.
The college will receive an approximately $55 million gift – the largest bequest in the institution’s 140-year history – and invest approximately $50 million in its endowment.
The firm has named its next president to lead its strategy and operations as its current president is set to retire after holding the position since 2006.
The college is searching for a firm to grow its cash reserves through low-risk liquid investment instruments that provide competitive market returns.
The university is seeking a firm to help establish and maintain an investment portfolio for its cash flow requirements utilizing low risk portfolio strategies.
Correction: The Ohio University Foundation approved a distressed credit commitment totaling approximately $18 million to Beach Point Capital’s BPC Opportunities Fund V last year. Last week’s issue of Nonprofit News misstated the manager as Brighton Park Capital.
The system approved private equity commitments with new and existing managers within its endowment and the addition of a short-duration fixed-income manager within its liquidity pool at its investment committee meeting this month.
The Houston-based middle market firm closed its sixth private equity fund at its $3.5 billion hard cap, exceeding its $2.75 billion target.
The university hired an investment risk management officer to wrap up its search for the position from last year.