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The firm also recently hired a cfo to serve on its senior leadership team.
The firm invested $100 million in the fund, which looks to build resilience among communities in the U.S. through access to safe and quality affordable housing.
The search is open to North American-focused fund-of-funds managers.
Higher interest rates and inflation has put pressure on the companies that undergird the private credit markets and nonprofits investors should be mindful of the of the potential cyclical risks.
The university is closing on its goal of allocating 2.5% of its endowment to climate solution investments after creating the target in 2022 as part of broader goals to achieve a net-zero carbon emissions endowment.
The foundation has issued an RFP seeking an investment advisory firm to help manage its portfolio, including providing strategic and tactical investment advice, compliance-related monitoring and performance benchmarking.
The fund approved the addition of core fixed-income, international equity and private equity secondaries investments during its board meeting last week and is slated to consider combining two of its ten investment pools later this month.
The foundation is searching for an investment analyst to handle due diligence of prospective managers, recommend new hires as well as monitor risk levels of existing managers and portfolio performance.
The university’s cfo is leaving after less than three years of service join a primary and secondary school as its finance head.
The city first hired its existing investment manager in 2019.