Announcements
The college will receive an approximately $55 million gift – the largest bequest in the institution’s 140-year history – and invest approximately $50 million in its endowment.
The global manager has finalized the second close of its fund targeting sustainably managed forestlands globally with approximately $335 million in commitments.
The firm has named its next president to lead its strategy and operations as its current president is set to retire after holding the position since 2006.
The nonprofit has named its next president and ceo as its current head is set to retire this summer after more than 25 years of service.
The firm closed its latest flagship private market fund with nearly $4 billion in commitments from nonprofits and other institutional investors globally.
The firms have entered a strategic partnership to support health-focused impact investors that are directing investable assets to address social determinants of health, while targeting the alignment of financial, business and community impact performance.
The firm has hired a managing director and head of capital markets to expand its relationships with the global institutional investment community and grow its business development of private credit products and capital markets.
The firm has added three portfolio managers to its $5 billion fixed-income business to oversee its high-yield and investment grade bond strategies.
The actively managed strategy is part of a new series of mutual funds and accelerates the firm’s ongoing strategy to expand its in-house intermediary distribution network in the U.S.
The university’s board of trustees expanded the assault weapon divestment policy to cover assault weapons manufacturers that engage in retail activities to the general public.