Venture Capital
Under today’s conditions, many nonprofits and allocators are looking at other macro trends — especially the advancement of artificial intelligence technologies and concomitant demand spike for energy and infrastructure — that bode well for their alternatives allocations.
The institution is seeking a managing director to spearhead investments in oncology-focused startups and source, evaluate and negotiate early-stage investment opportunities.
The plan also received asset/liability stress test results from project-basis consultant Agilis at today’s board meeting.
At least three nonprofit organizations have committed to a venture capital manager’s inaugural fund, which recently closed with more than $60 million in commitments.
The plan approved two commitments at a board meeting this week.
The firm closed its latest fund focused on energy and climate-related companies adapting artificial intelligence technologies with $160 million, including commitments from two returning nonprofit investors.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
A foundation based in the Mid-Atlantic region has added a new impact commitment to a venture firm focused on diverse-led manufacturing companies.
The retirement fund disclosed commitments totaling $4.5 billion in September.
The credit arm of an investment manager is acquiring a venture debt manager in a deal expected to close in the fourth quarter.