The foundation is aiming to allocate at least 5% of its portfolio to emerging managers, while also looking to add climate-solution investments as it looks achieve a net-zero endowment by 2030.
The institution approved a commitment from its endowment to a lower middle market buyout strategy with a new manager at the recommendation of its general investment consultant.
Regardless of whether inflation continues to slow or the global economy steers clear of a recession, endowments and foundations should not base portfolio construction on market timing but instead focus on longer-term areas of opportunity like private equity and international equities, according to one consulting firm.
The college hired a new v.p. for business and finance and cfo to oversee its finances and help manage its endowment after its previous finance head retired in May.