Alternatives
The plan hired a venture capital manager at its board meeting yesterday.
They will oversee traditional strategies and alternatives, including private strategies and hedge funds, the firm said.
Historically black colleges and universities are reeling, like many other higher education institutions, from the COVID-19 pandemic’s impact on their business models.
Despite these struggles, institutions cannot and should not let those issues stand in the way of growing their endowment portfolios and diversifying them to combat the underrepresentation of diverse-owned investment managers in the approximately $70 trillion asset management industry, allocators and industry experts said.
A foundation in the South reviewed its private investments pacing plan last week and made a private credit commitment as part of the pacing schedule.
A university in the South is searching for an investment manager for private investments to be involved in all aspects of investment and manager research for the institution’s endowment.
The former deputy cio of a university in the South has joined a Northeast-based alternatives investment manager that invests in credit, private equity and real estate.
The plan will interview three firms to replace its longtime incumbent in April.
The plan hired two firms in its diverse private equity fund-of-funds search this week.
New managing director will focus on business development and capital partners.
The plan approved an amendment at today’s meeting that will see its contract with an existing manager terminated later this year.