Searches And Hires
The system approved a growth private equity commitment with an existing manager within its endowment at its Feb. 1 board meeting.
The foundation is looking to allocate to new impact investments this year as part of its three-year impact investment program targeting housing and healthcare outcomes in addition to a return of capital committed.
The university hired a new investment advisor to oversee and manage its endowment in the fourth quarter following an RFP process approved in the second quarter of 2022.
The institution will consider a venture capital commitment to a recently launched investment manager at its board meeting this week.
The university is seeking an investment manager for its $76.4 million operating funds portfolio after retaining its incumbent manager following a similar search in 2019.
The plan last conducted a similar search in 2020.
The plan agreed to move forward on due diligence with four firms in its general investment consulting services search.
The retirement fund approved three private credit commitments to start funding of a 2.5% maiden allocation to the asset class added last year.
The pension plan added commitments in real estate, private credit and private equity in recent months.
The pension plan expects to conclude the searches between April and May.
