The college successfully completed its endowment grant challenge, securing $500 million to match a $500 million gift from a prominent philanthropist, to grow the portfolio to $1 billion.
The sports-focused, operator-founded private equity firm recently closed its inaugural sports fund “substantially” above its initial target.
The fund approved a recommendation from its general investment consultant to allow an existing real estate manager discretion to toggle between two different classes of stock to improve its return profile.
The foundation named the managing director of a nearby investment office as its next cio to complete a search initiated last year as the previous investment head left to join a family office firm.
The system hired a deputy cio in December and recently promoted the hire to cio as its previous investment head left after more than a decade in the role.
The firm has launched a proprietary proxy voting service for client assets where it has both investment discretion and proxy voting authority.
The university is seeking an investment analyst to help in the screening, selection and monitoring of investment managers.
The investment analyst will help manage the institution’s allocations and assist with sourcing, underwriting and monitoring investments as part of the private investments team.
The bill aims to impose a 15% endowment tax annually based on an institution’s endowment value in excess of at least $250 million.
The fund will consider approving a recommendation from its investment consultant to allow an existing investment manager discretion to toggle between two different classes of stock.