Foundations’ returns rose in 2023 at rates similar to the sharp declines seen during the unfavorable market environment of 2022 and in a reversal from last year, community foundations reported relatively higher returns than their private foundation peers in 2023, a new study finds.
The fund approved a maiden commitment to a private credit secondaries strategy during its August board meeting to take advantage of discounts in the credit secondaries market.
The foundation is searching for investment advisors to advise, manage and administer its reserve fund as well as develop and implement an investment strategy.
The fund is searching for an investment director or managing director to handle sourcing, evaluating and recommending investment opportunities for its public equities portfolio.
The consultant is acquiring an alternatives investment firm that provides solutions including insurance-linked securities, private credit, hedge funds and impact investing.