The foundation added impact private equity and emerging markets equity strategies with new managers within its endowment in the first half of 2023.
The Radnor, Pa.-based discretionary manager focuses as much on advice as manager selection for its nonprofit clients.
The university is searching for an investment analyst to help conduct due diligence on new and existing investment managers across asset classes.
The university is searching for a cio and hopes to complete the search around the end of the year as its current investment head will continue in the role until their successor is selected and transitions into the role.
The firm added a principal and consultant this month to provide investment strategy and financial planning services primarily for its foundation, endowment, nonprofit and family office clients.
The fund is slated to consider adding a new private credit manager to its portfolio at its board meeting this week as it is underweight its target to the asset class by more than $300 million.
The institution added several new members to its board of trustees, including two members to its investment committee, which oversees its more than $1 billion endowment.
The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
CIO Karl Scheer oversees the University of Cincinnati’s investment team managing the institution’s approximately $2 billion in combined endowment and other investment assets. Scheer took the time to answer 5 questions with FIN News.
The treasurer’s office hired a firm to handle the inaugural investment within its infrastructure impact investment program after hiring an investment advisor to oversee the program earlier this year.