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The institution rehired its incumbent provider over two other finalists to continue delivering banking and investment services for its portfolio after launching a search last year.
After showing consistent returns over the last two decades, private infrastructure funds offer attractive investment opportunities for nonprofits, due to growing demand, diversification of assets and mandated revenue structures of infrastructure projects.
Two prominent foundations are among the group of endowments, foundations, pensions, corporations and family offices to commit to a firm’s recently closed second venture fund.
The alternative assets-focused firm is launching an employee-ownership trust to recoup ownership stakes from its leadership team and redistribute to employees.
The foundation is searching for a finance and grants manager to oversee its financial and operational functions, including investment management.
As the upsets, buzzer beaters and Cinderella stories on the hardwood distract the U.S. workforce and captivate the country, Nonprofit News examined how each team stacks up off the court from an endowment perspective.
The plan approved a search to fill a $390 million allocation last week.
The hires follow a search process conducted due to the termination of one of the plan’s fixed-income managers last year.
The pacing plans call for a total of $105 million to private markets this year.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.