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The investment subsidiary of a university foundation recently hired a managing director to help oversee and manage its portfolio from another institution, where they led investments across public markets, hedge funds and real assets.
The foundation has launched a search for an outsourced cio to oversee its portfolio and revise its investment policy statement.
The foundation has issued an RFP seeking an investment consultant to provide advice and counsel for its assets as it believes best practice is to search for the services periodically.
The outsourced cio provider has added two managing directors from another discretionary advisor.
The firm has also named a president of the Pacific Northwest to help accelerate growth of the firm’s wealth management business in the region.
The firm has appointed an executive advisor to help in the pursuit of new acquisition opportunities in the industrials sector and more broadly across leading U.K. businesses.
The firm closed its latest fund focused on energy and climate-related companies adapting artificial intelligence technologies with $160 million, including commitments from two returning nonprofit investors.
The foundation conducted a similar search in 2020 that resulted in rehiring its incumbent provider.
The system’s current risk head is set to step down from the role.
The firm recently hired a former investment director to serve as a partner and manage and expand investments in the clean tech, industrial and life science sectors.