MRI/Social Investments
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 February.
The newly launched venture fund will allocate its returns to partner HBCUs.
A West Coast impact fund- of- funds has raised nearly $170 million for its Fund II.
Survey finds increased interest and adoption hedge funds and increase in defensive strategies and portfolio diversifiers.
The community foundation has partnered with local government to invest $200 million in loans and grants for affordable housing projects.
The firm has raised more than $850 million of impact and sustainable capital since early 2021, including the close of its most recent impact fund, which is almost four times larger than its predecessor fund.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.
An impact fund targeting local Black communities has garnered an initial $400 million investment.
The firm has hired a chief impact officer to deliver an impact investing platform and establish the firm as a thought leader in impact private markets.