A foundation based in the Midwest added minority-owned global equity and private equity managers during its finance and investment committee meeting last week.
He will help the firm evaluate investment opportunities, assist in validating investment theses and serve on the board of portfolio companies.
He will oversee all finance, accounting, tax, technology and operational areas of the New York-based firm.
The commitments totaled $160 million, including with two new managers.
The fund is searching for firms to manage portfolios consisting of private equity, credit and/or real estate.
The plan committed $100 million to a buyout fund at its meeting last week.
Plan narrowed a private lending search to three funds for future on-site visits and finalist presentations.
The plan approved a credit commitment with an existing manager and a 2021-2024 private equity pacing plan at yesterday’s board meeting.
The plan disclosed two private equity commitments at its board meeting today.
The fund will exclusively invest in the rapidly evolving market for general partner-initiated private equity secondary solutions.