The trust fund approved new international equity, private equity co-investment and a private credit secondaries investments during its board meeting last week.
The global investment manager and wealth management firm has acquired a Florida-based registered investment advisory firm as it looks to advance its footprint in Florida and the Southeast region.
Nonprofit investors should look for niche private credit opportunities as they can provide portfolio diversification and strong yields with less beta market risk than mid-market direct lending strategies, which represent the lion’s share of the private credit universe.
The university has begun its search for its next investment head as its cio will step down from the role toward the end of the year to focus on his board of directors roles, teaching and philanthropic endeavors.
The university is seeking a director of investments to be involved in all stages of the investment process from sourcing, origination, due diligence and implementation of investment opportunities to subsequent monitoring and portfolio management.