Industry News
The foundation is searching for an investment operations manager to oversee the operational, reporting, treasury and administrative functions that support its endowment.
The team joins the firm from CastleArk Management.
The foundation will promote two of its managing directors to the roles of cio and deputy cio as its investment head is leaving to pursue a new opportunity in their hometown of Pittsburgh.
Higher education institutions and their athletic departments are looking to private equity to help fund new athlete revenue-sharing models and facility costs driven by mounting financial pressures from the recent House v. NCAA settlement.
The firm raised approximately $1.8 billion across multiple funds.
The fundraise includes the successful close of Global Secondary Fund 8.
The third fund was closed through a managed transaction.
The strategy is KKR’s largest infrastructure fund raised to date.
The plan named its next executive director from within its executive staff.
The position will help oversee the retirement system’s more than $3.5 billion diversifying and fixed-income portfolio.
