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It has now been over a year since CalPERS allocated $1 billion to TPG and GCM Grosvenor to seed diverse managers. While both firms have announced their first commitments out of their respective funds, what they have not announced is any other institution investÂing in their funds.
The investment returns of historically Black college and university endowments have lagged their non-HBCU peers for the past three years and a new study finds this may be due to HBCUs having smaller allocations to alternatives, less risk tolerance and significantly fewer investment management resources.
The $246.3 billion New York State Common Retirement Fund terminated two women-owned investment managers in the fourth quarter.
The $216.2 million Sewerage and Water Board of New Orleans made a commitment to Sango Capital Management’s fourth fund in December.
Private investment firm Sandbrook Capital announced the final close of its inaugural fund at its hard cap.
Yup Kim has been named cio of the $37.2 billion Texas Municipal Retirement System
The $47.6 billion New Mexico State Investment Council has appointed Jon Clark as its new state investment officer.
Travis Angevine has taken over as cio of the Alfred I. duPont Charitable Trust following the retirement of longtime CIO David Gonino.
Uwe Schillhorn has departed as cio of the $12.7 billion Cook County (Ill.) Pension Fund.
