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The firm, which serves nonprofits and other investors, has promoted seven team members into its senior leadership team, including three partners and four managing directors.
The university decided against divesting its portfolios from fossil fuels as the action would conflict with its legal fiduciary duty.
The institution is searching for an investment manager to assist with the day-to-day oversight, management and monitoring of its endowment.
The firm is acquiring the management agreements related to a global firm’s Canadian fund business, which includes 100 mutual funds and exchange-traded funds.
The institution has hired two investment associates to support its team members in the implementation and management of investment strategies.
The university has named its next v.p. of finance and administration and cfo to help oversee its investments as its finance head is set to retire on Jan. 31 after nearly 20 years of service.
Active management faced continued pressure on actual fees paid in 2024, although the pace of fee compression seems to be slowing.
Blackstone will bring additional global scale and alternative asset leadership to Empower’s retirement plan private markets program.
The managing director of public investments will be responsible for overseeing portfolio strategy and construction, investment selection and monitoring.
Sixth Street closed its third European direct lending fund at its hard cap with $3.75 billion in total equity commitments.