The firm has updated its investing leadership structure, forming a globally-focused investment management leadership team, in preparation for its next phase of growth.
Traditional asset managers looking to capture the growth of the endowment institutional channel will need to be highly targeted in their approach for winning mandates as new research finds large endowments with more than $1 billion in assets under management represent the best opportunity.
The firm has hired a senior managing director and head of capital markets to serve on its executive committee and help guide the next phase of strategic growth.
The firm expanded its Philadelphia multi-family office team with the appointment of a managing director to deepen relationships with private business owners, wealthy families, local endowments, foundations and nonprofit institutions in the region.
The firm has added investment vehicles from a leading global alternatives investment manager to its alternative investments access platform, which provides RIAs, broker-dealers and their clients access to private markets investments.