Purdue University Foundation, Purdue Research Foundation and Purdue Alumni Foundation, West Lafayette, Ind., jointly hired Snyder Capital to manage small-cap value equities, said Jeff Wilson, senior vice president and treasurer of the research foundation. He declined to give the amount of the assignment. The three foundations have assets totaling $1.2 billion. Mr. Wilson said funding came from a reallocation, mainly from internally run assets. Fund Evaluation Group assisted. With this hiring, Snyder closed to new investors its small-cap value fund, which now has $1.7 billion in assets.