Consultant/OCIO/Discretionary
The plan launched a search for investment consulting services late last year.
The plan increased its private credit target and added a commitment within the non-core fixed-income portfolio yesterday.
The consultant will be responsible for the plan’s stable value fund.
The current consultant was first hired in 2016.
The plan expects to issue the RFP in 2023 after delaying it for one year.
The university reissued its RFP for non-discretionary investment advisory services for its endowment after canceling the search in the second quarter “due to a change in the requirements.”
The incumbent was also the lone bidder to an RFP.
The new consultant will provide private credit and credit consulting services.
The college is seeking a firm to advise and manage a portfolio that is expected to be $10 million initially.
The search is due to the upcoming contract expiration of incumbent Hyas Group.