The foundation made its first-ever mission-related investment with an equity investment in a small business investment company that provides growth equity to minority- and women-owned businesses in the region.
The firm has named a sole head of impact investments after the individual had previously held the role alongside another employee who is now focused on investor relations.
The firm will host its inaugural Public and Private Mission Driven Investing Manager Research Day at the end of the fourth quarter and is seeking firms to participate in interviews about their strategies.
The treasurer’s office hired a firm to handle the inaugural investment within its infrastructure impact investment program after hiring an investment advisor to oversee the program earlier this year.
A new report finds the impact investment space has seen tremendous growth in assets allocated in public markets as the fastest-growing asset class over the last half decade was public debt.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.