The university has hired a discretionary investment consultant after conducting an invitation-only RFP process that began in the second quarter of 2023.
Nonprofits still see opportunities in alternative asset classes, like smaller or specialized buyout strategies, venture funds or private debt strategies that benefit from macro trends like the higher interest rates, rapid development of artificial intelligence or transition to clean energy.
The university has selected a new investment consultant for its retirement plan assets following a search from the second quarter.
The agency is looking for firms to help build and implement a bond and direct lending clean energy fund.
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
The institution has named the ceo of a climate- and sustainability-focused venture capital firm as the new chair of its board of trustees.
The firm’s latest fund targeting value-added investments in hotels across the U.S. was oversubscribed after receiving commitments from endowments, foundations, public and corporate pension plans, insurance companies and wealth management firms.
The university is still searching for sustainability-focused investments after reaching its initial socially responsible investment goal created five years ago.
The alternative credit manager has closed its second collateralized fund obligation, which will invest in U.S. senior lending, junior capital and equity co-investments, just below $200 million.
The mid-Atlantic based growth equity firm has promoted its cfo to partner.