The foundation has tabbed its v.p. of community strategies to serve as its first chief impact officer and manage its impact investments.
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 outsourced cio has released a library of proprietary investment research to the public that was previously available only to clients.
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 firm has completed an initial close of its fund targeting sustainably managed forestlands with more than $200 million in commitments.
The global asset manager has raised approximately $1 billion for an energy transition infrastructure fund.
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.
The foundation is proposing shifting its $642 million consolidated endowment fund toward private equity, domestic public equity and short-duration fixed-income.
The foundation is looking to allocate a portion its investment portfolio to impact investments and has named a team member to spearhead the effort.