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The plan received an infrastructure search report that included two candidates at today’s meeting.
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The fund approved adopting changes to its target asset allocation at its September board meeting as it also made a $100 million infrastructure commitment.
The fund has received a gift from a philanthropist that will be used to support its $1 billion capital campaign and be invested in its pooled endowment to grow member institution portfolios.
The board voted to divest from companies owned or controlled by the Chinese Communist Party on Sept. 24 and expects the action to be completed by early 2026.
The foundation’s next investment head is joining from an investment management and advisory firm.
The firm has hired a senior portfolio manager to guide clients through challenging markets and identify investment strategies and allocations to meet their needs.
The foundation is searching for two investment team members to help oversee its $2.5 billion in assets, including its $1.5 billion endowment.
Victory Park Capital is an affiliate of Janus Henderson Group, which will remain majority owner of the alternative investment firm.
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