Fewer community foundations are hiring or considering hiring diverse-owned managers as well as planning increases to their private market allocations as they adjust to a changing investment landscape, according to a new survey.
Jim Casselberry joined the Health Forward Foundation as its cio on Nov. 1, tasked with leading management of the Kansas City, Mo.-based foundation’s approximately $908.7 million endowment.
Pursuing mission-related goals like racial or economic equity through investing helps nonprofits find more creative ways to capture strong market-rate returns, according to conference panelists.
The Marguerite Casey Foundation added new diverse managers to its approximately $850 million portfolio as it surpassed its goal of allocating half the portfolio to such firms.
Erin Archer serves as v.p. and cfo at the Lumina Foundation, handling financial management and directing the investment strategies for the organization’s approximately $1.4 billion endowment.
Boston University is looking to add new emerging private equity and venture capital managers to its approximately $3.5 billion investment portfolio.
Value-aligned investing continues to grow among community foundations, with environmental stewardship and gender or racial equity remaining areas of focus despite political headwinds, according to a new survey.
A transition to cleaner energy requires more than physical infrastructure. Massive amounts of software infrastructure are also essential to make power grids, buildings, industrial logistics or computing more efficient and scalable enough to meet an ever-growing demand for electricity and digitized platforms, according to Montauk Climate Co-Founder and CEO Philip Krim.
Era Ventures has launched a new $88 million fund targeting start-ups that are innovating the global real estate market, Founder and Managing Partner Clelia Warburg Peters confirmed.
The share of diverse managers in Georgetown University’s roster within its approximately $3.3 billion endowment dipped last year following four straight years of growth, according to its latest diversity report.
This month we have news of a search as well as insights into studies from FEG and AIMA.