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Two HBCUs have committed to an early-stage venture capital strategy targeting the fintech, healthcare, education and workforce development sectors.
The firm has hired a senior investment consultant to work with institutional clients, including foundations, endowments, healthcare organizations and retirement plans.
The college is one of several institutional investors to commit to the latest venture capital fund from a Berlin-based manager.
The university’s previous finance head retired after working at the institution for more than 30 years.
The fund has extended the deadline for proposals in its search for firms to provide investment management services to June 5 from May 16.
The college savings plan received just two proposals after issuing an RFP to 98 firms in the first quarter.
The upcoming search stems from a new domestic equity structure approved today.
Devitt serves as a senior investment advisor at financial services company Moneta, where she also held the position of cio from June 2021 through January 2024.
The departing partner also leads the investment consultant’s diverse manager research and investing.
The systems hired a core fixed-income replacement following finalist interviews held last week.