The infrastructure commitment was under consideration at a meeting this week to complement an existing manager as the health system is also underweight its target to the asset class.
The foundation has hired a new ceo and v.p. for advancement to lead all aspects of the organization, including managing the endowment, generating philanthropic support and providing engagement opportunities for alumni.
The healthcare system is seeking an investment operations analyst to perform investment operations functions for all of its investment programs.
The new outsourced cio to provide an additional layer of investment expertise and decision-making following an RFP process issued for best practices.
The alternative credit team additions reinforce the firm’s commitment to providing institutional and high-net-worth investors with an increasing number of differentiated alternative investment offerings.
The fund’s general investment consultant is recommending a private credit commitment to an evergreen strategy targeting an initial fundraise of $1 billion to $2 billion.
The trust company is seeking an analyst or associate to perform market research, due diligence, investment monitoring and preparation of materials for venture capital and buyout investments.
A U.S. representative in the South has reintroduced legislation to institute an excise tax on the endowments of 11 U.S. universities to 6% from the current 1.4%.
The fund ultimately decided to retain its investment consultants and their contract terms following review at its board meeting this month.
The foundation has hired the former head of private equity at Cornell University to serve as its managing director of investments.