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The foundation recently promoted a director of investments to senior director of investments after it expanded its investment head’s role to cover its financial operations.
The state agency expects to issue an RFP for a firm to provide investment advisory and management services for its portfolio due to the impending contract expiration of its incumbent provider.
The foundation hired a new chief financial and investment officer to oversee its finance, investments and grants management following a search from last year.
The 529 plan is likely conducting the search due to the impending contract expiration of incumbent 529 industry consultant, which was retained in 2023 following a similar search.
The hire follows a search from last year as the institution looks to build out its investment team.
The position is responsible for overseeing operational due diligence on prospective investment opportunities after the previous investment operations lead left the institution.
The college’s previous finance head left last year to join a public museum in a similar role.
The retirement system also hired two value-add real estate managers today.
The plan is searching for a replacement for an underperforming incumbent.
Ascend Capital Partners closed its second fund and parallel vehicles with $791 million in total commitments.