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The foundation is looking to hire a new v.p. and cfo to manage its finances and investments as its previous finance head is set to retire at the end of the first quarter.
The institution’s previous v.p. took over a new role at the institution in the fourth quarter.
The Latina-led venture capital firm recently closed its latest fund after garnering several commitments from foundations, two endowments and a religious institution’s investment team.
The plan could allocate up to $500 million to U.S. or global long-only strategies.
The investment committee approved a pair of active large-cap equity managers to replace a factor-based allocation this week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The firm’s previous chair transitioned to director emeritus.
The foundation is conducting the search for standard due diligence purposes and its incumbent advisor is allowed to rebid.
The firm’s current head will transition to serve as a board member to ensure continuity and a seamless transition.
The university has promoted its v.p. of finance to cfo to oversee its financial strategy as its finance head left the institution to take over a nearby nonprofit organization as ceo.