The growth in the largest Black-owned investment firms has slowed over the past year but continued its upward trajectory, new data from FIN Searches shows.
The retirement system is conducting its first real estate search in over 10 years.
The plan will look to identify potential replacements for its current international value equity manager.
The retirement system will receive educations on the asset classes at a third quarter board meeting.
A large majority of target date fund platforms are not considering adding private equity, private credit or real estate into their products, Callan’s 2025 defined contribution trend survey showed.
The plan made its first private equity commitment since 2018 at a special meeting this month.
The plan is looking to fill a role previously held by Dan Bienvenue, who joined General Atlantic as a managing director in April.
The board is looking to develop a short list of providers to assist in executing manager transitions in its investment portfolio.
The fund received educations on the two asset classes at its investment committee meeting last week as part of an ongoing asset/liability study.
The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.