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The wealth management business has named a new president to lead the firm’s business across a major Midwestern state due to an upcoming retirement.
The foundation added fixed-income strategies with a new investment manager within its portfolio in the first quarter.
A college savings plan based in a Southern state has added two utilities strategies as underlying funds within some of its investment options.
The board recently made private equity commitments totaling $60 million.
The firm has hired a managing director to oversee its venture platform including sourcing and evaluating investment opportunities, developing manager relationships and guiding portfolio construction.
More than one-third of higher education institutions are not making endowment portfolio changes despite the headwinds they face in the current financial environment and the seemingly constant stream of changes.
The plan committed to two private debt funds at a board meeting last month.
The new investment director will operate as a generalist and be involved in the investment manager due diligence process across asset classes.
The fund had previously received a recommendation from its investment consultant to seek a domestic small-cap value manager.
The fundraise represents a 35% increase over Fund VIII and brings Veritas’s AUM to more than $54 billion.