The position leads the investment strategy for the endowment’s private investments portfolio, which includes private equity buyout, growth equity, private real estate, private energy and venture capital.
The firm’s oversubscribed inaugural fund will focus on making structured minority investments in well-positioned wealth management firms throughout the U.S.
Managers are launching new open-end real assets funds as competition is increasing in most strategy types and firms that offer more investor-friendly fees and terms can be more competitive in searches, according to a new study.