Daily Feed
The analyst will join the university’s private investments team and help with sourcing, underwriting, closing and monitoring investments with external managers.
The New York-based firm is acquiring a global investment advisor with more than $21 billion in assets under management in a deal expected to close in the second quarter of 2025.
The hire follows a search from last year as the institute’s previous cio left to focus on their board of directors roles, teaching and philanthropic endeavors.
The deal is expected to close this quarter.
Neuberger Berman has closed its third specialty finance fund with over $1.6 billion.
The board is seeking a firm to assist with its $1.7 billion investment portfolio.
The firm will provide an analysis of investment assumptions, asset allocation strategy, management structure and performance results to the board in June.
Potential changes to the asset allocation could include eliminating the plan’s TIPS target in favor of other asset classes.