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The plan is seeking firms to provide general and alternatives consulting services.
Several nonprofit institutions changed their asset allocations or investment policies this year, boosting allocations to private equity and public equities.
Several prominent foundations and endowments changed investment heads over the course of 2024.
Nonprofits were busy hiring investment consultants and outsourced cios to oversee their portfolios this year including seven that swapped out their incumbent for new relationships and five that handed over their investment management responsibilities to discretionary providers from either an internal team or a general consultant.
Investment consulting and advisory firms that cater to endowments, foundations and health systems experienced further consolidation in 2024, as many merged or were acquired while others opened shop or shuttered.
The incumbent provider will see its contract with the plans expire in August.
The city has roughly $73 million in investment funds overseen by Valley View Consulting.
The plan named three finalists to replace its current international growth equity manager.
The acquisition will see MetLife Investment Management’s assets under management increase to more than $700 billion.
The plan is seeking a single firm to provide administrative, investment advisory and custodial services.