Industry News
The nonprofit fund manager has hired a new v.p. and cfo to oversee its financial operations and investment portfolio as its previous finance head retired in the second quarter.
The university has appointed a new cfo and coo to oversee its budget and planning department and human resources and financial operations departments as well as its operations, facilities and information technology departments, respectively.
The university added two new members to its board of trustees, including the managing partner of a venture capital firm.
The foundation recently added the founder and ceo of an investment manager and the top academic officer of a state university to its board of trustees.
The upcoming retirement was disclosed at a pension board meeting today.
The fund closed at its hard cap of $600 million in under four months.
The strategic partnership will see both firms and their funds managed independently.
The oversubscribed fund closes with approximately $940 million in commitments.
The fund exceeded its $750 million fundraising target.
The firm’s current ceo and co-founder will remain as executive chair of the board.