Industry News
The partnership will initially focus on developing scalable investment solutions in infrastructure.
The college has hired a cfo and treasurer to oversee its finances and endowment following a search from earlier this year as its previous finance head retired.
The university has named an interim v.p. for finance, cfo and treasurer for its foundation as it searches for a permanent successor to its finance head, which left on June 30 to pursue other opportunities in higher education finance.
The firm’s latest fund closed exceeded its target and doubled its predecessor.
She will help enhance and implement best practices to engage with the firm’s growing investor base.
The firm recently added a managing director to its investment team.
Fund III closes with $230 million, exceeding its $200 million Fund II.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
Shelly Heier, president of investment consultant Verus, will depart the firm effective Sept. 30.
He will focus on the infrastructure, utility, power, energy and related sectors across the capital structure.