The vehicle closed at its hard cap and was oversubscribed with investors, including current and former management team members, foundations, diversified financial institutions, university endowments and family investment offices.
The foundation recently appointed the chair of one of the world’s largest stock exchange groups to its board of trustees, which oversees its investment strategies, allocations and performance.
The foundation has committed to achieving net-zero greenhouse gas emissions for its endowment by 2050 and the strategy centers on investment in climate solutions and other climate-focused strategies as well as engagement with asset managers and others on data, disclosures and decarbonization plans.