Consultant/OCIO/Discretionary
The new consultant will begin its new five-year contract in February.
The pension fund approved the search for a maiden private markets consultant at a board meeting earlier this month.
The contract will run for three years with the option to extend for two one-year terms.
The plans last issued an RFQ for investment consulting services in 2023.
The hire concludes a search launched in May for best practices.
The university approved a new investment policy with asset allocation changes for its endowment, including increases to global equity and private equity, and its retirement plan, including an increase to private debt.
The university is seeking a firm to provide investment selection within its 403(b) plan as well as evaluate and monitor the plan’s record keepers.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The plan will vote to go back to a former general investment consultant next week.
The plan is looking to create two pools of investment consultants.