Industry News
The university has promoted a director in its investment team to serve as interim cio as it conducts a search to fill the role on a permanent basis.
The three new senior leaders will all report to Head of Distribution Tiffani Potesta.
The oversubscribed fund brings the firm’s total capital raised to over $5 billion.
Frazier Life Sciences has closed its 12th venture fund with over $1.3 billion in capital commitments.
The foundation hired a director of private investments in July and is seeking an investment associate after bringing its investment management and operations in-house earlier this year.
The health system has added at least four new members to its investment team in recent months, including a director focused on private equity.
The former Johns Hopkins cio joins as a senior partner to help shape customized investment strategies built for clients and access top institutional alternative investments.
Wesley LePatner, senior managing director at Blackstone, was killed at the firm’s New York headquarters following an incident on Monday.
The firm has raised $5.6 billion for KKR Asset-Based Finance Partners II.
Allocations to illiquid asset classes will provide university portfolios with stronger returns relative to public equity or bond markets over the long term, despite liquidity or spending squeezes in the short term.
