Mark Baumgartner appointed CEO, CIO of University of Florida Endowment

An alumnus, Baumgartner will succeed Bill Reeser, who is scheduled to retire at the end of the year.

Mark Baumgartner

The University of Florida announced Wednesday that Mark Baumgartner will be appointed as CEO and CIO of the university’s $6 billion endowment, effective January 2025.

Bill Reeser, who has been CEO and CIO of the Gainesville, Florida-based University of Florida Investment Corp. since 2014, will retire at the end of the year.

“Mark Baumgartner’s decades of experience in investments make him an excellent choice to lead UFICO,” University of Florida Interim President Kent Fuchs said in a statement. “He is well known in the industry, and I am confident he will provide the steady and assured guidance that is needed in such an important position.”

Baumgartner, the winner in the endowments category at the 2019 CIO Industry Innovation Awards in his role as CIO of the Institute for Advanced Study, was appointed as CIO of the Dalio Family Office last year and had been CIO of the Carnegie Corp. of New York from 2020 to 2023.

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Baumgartner will be returning to his alma mater, having earned a bachelor of science degree in aerospace engineering. He also holds a Ph.D. in mechanical and aerospace engineering from Princeton University.

“I’m thrilled to be returning to my hometown to serve my undergraduate alma mater and look forward to supporting the incredible growth trajectory the University of Florida has been on for many years to come,” Baumgartner said in a statement.

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Arctos Partners in Talks to Buy Stake in NFL’s Buffalo Bills

The sports investor was one of several private equity firms approved earlier this year to buy a stake in a National Football League franchise.



Arctos Partners LP, a private equity firm with a focus on sports investing, is in talks to acquire a stake in the National Football League’s Buffalo Bills, people familiar with the discussions told CIO.

There is not yet a conclusive outcome to the ongoing discussions, but parties are hopeful, according to the source. The firm would likely buy a stake from the Bills’ owners, Terry and Kim Pegula, who purchased the team for $1.4 billion in 2014. A spokesperson for Arctos Partners declined to comment.  

In April, the Pegulas hired investment bank Allen & Co. to explore a minority stake sale of up to 25% of the Buffalo, New York-based team, according to reports. The NFL’s decision on allowing private equity investment came shortly after.  

The NFL announced in August that, for the first time, private equity firms on an approved list may invest in its teams. The initial list included Arctos, CVC Capital Partners, Dynasty Equity, Ares Management, Ludis Capital, Blackstone and the Carlyle Group.  

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Under the NFL’s rule, firms are eligible to acquire from 3% through 10% of a team, and teams can sell stakes to multiple firms. Each selected private equity firm is eligible to invest in up to six teams. 

Earlier this month, it was reported that Ares Management was in talks with the Miami Dolphins, owned by Stephen Ross, to acquire a stake in that team.  

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NASCAR Considering Ban on Investment Stakes From Sovereign Wealth Funds 

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