Industry News
The firm has announced six senior promotions, including two new partners and four new managing directors.
The firm hired a global head of corporate strategy in the fourth quarter to help define its strategic direction and execute against major strategic initiatives.
The firm has added a four-person wealth management team to provide portfolio management, retirement planning, investment consulting and other wealth management services to nonprofits, private family foundations and other clients.
Incumbent cio will retire this year after 12 years in the position.
The senior private markets director departed last month after being promoted earlier in the year.
Jon Morgan has joined Orchard Global as head of consultant relations.
The transaction will occur over the course of two years.
The plan announced that it has made a $1 billion commitment “aimed at identifying and supporting the next generation of investor entrepreneurs in the private markets.”
The managing directors have been with the private equity firm for nearly 10 years.
The college savings plan hired a new executive director following a search after its previous head left in November to join a municipal financial advisory firm.