Industry News
The firm raised $765 million for the opportunistic credit fund.
The firm has hired a senior v.p. and senior portfolio advisor to provide investment advice, asset servicing and related services to help nonprofit clients.
The firm has made three senor hires to accelerate its efforts to reach the private wealth channel and make its alternative products more accessible to a broader investor base.
The acquisition of the firm, which has $775 million in assets under management, closed on May 31.
The investment consulting firm has launched its sixth annual Endowment and Foundation Survey to help nonprofit leaders understand what other institutions are doing in the space and why.
The firm has appointed Brian Ruder and Dipan Patel as co-managing partners and co-ceos.
The firm also recently hired a cfo to serve on its senior leadership team.
Higher interest rates and inflation has put pressure on the companies that undergird the private credit markets and nonprofits investors should be mindful of the of the potential cyclical risks.
The foundation is searching for an investment analyst to handle due diligence of prospective managers, recommend new hires as well as monitor risk levels of existing managers and portfolio performance.
The university’s cfo is leaving after less than three years of service join a primary and secondary school as its finance head.
