Industry News
The adoption of AI technologies across the economy may yield 1-3% more annual economic growth across the U.S., requiring a significant growth in demand for energy utilities and infrastructure that bodes well for nonprofit investors with allocations to the asset class.
The investment arm of a religious denomination based in the Midwest has hired a veteran investment consultant as its new executive director.
The fund hit its $2.3 billion hard cap in six months.
The firm has closed its seventh flagship real estate fund with $354 million in capital commitments.
He has been with the firm since 2018, most recently as senior managing director for global origination.
The direct lending fund exceeded its initial fundraising target.
Director of Asset Allocation and Strategy Michele Mazzoleni departed the plan last month.
The new hire will assume responsibilities from Head of Americas Investor Relations Adam Caskey, who is retiring next month.
The senior investment officer has been with the plan since 2004.
The pension plan will also receive presentations from three executive search firms next month.