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The commitment to an existing investment manager was made as the fund is underweight its strategic target to the asset class.
The community foundation hired a director of investment operations to develop and implement its investment operations framework in partnership with its general investment consultant.
The firm placed its investment in a domestic-large cap fund on watch in the third quarter due to performance concerns, while also removing two funds from watch status.
Citizens approved a constitutional amendment to create two funds in the state treasury to support land acquisition, infrastructure and equipment related to educational programs offered by the Texas State Technical College System during the Nov. 4 state elections.
The credit group of a global alternatives manager is acquiring the entire outstanding share capital of a systematic fixed-income manager in a deal expected to close in the first quarter.
The firm recently held the initial close of its flagship fund as it looks to complete its $500 million fundraise for the strategy in 2026.
The investment manager will be responsible for implementing the foundation’s program-related investment strategy as well as sourcing, structuring and monitoring investments.
A healthcare-focused growth equity firm recently launched and has formed a strategic partnership with a private equity firm that focuses on diverse investment firms.
Two investment advisors serving foundations, endowments, family offices and corporate pension plans formally merged last month.
The new managing director of public equity will assist with investment decisions, research prospective investments and underwrite new managers.