The venture capital manager recently closed its first climate tech fund-of-funds at its hard cap with commitments from large endowments and foundations.
The firm, which provides private markets investments for registered investment advisors and financial intermediaries in the retail market, has added equity owners and several board members.
The trust has hired its next cio to oversee and manage its approximately $8.6 billion endowment as its investment head is set to retire in June after more than 21 years of service.
The firm has agreed to acquire an investment advisor focused on ultra-high-net-worth families with offices in California, Colorado and Texas to strengthen its position within the high-net-worth advisory space.
The firm has launched a new short-duration bond fund focused on decarbonization with a seed commitment from an investment consulting firm, while also making several new appointments within its core multi-strategy business.
The firm has promoted five team members, including two to managing director, as they have contributed to accelerating the firm’s momentum in the space.