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The transaction is expected to close in the first quarter, subject to regulatory and fund approvals.
The trust issued an RFP for an investment advisor due to the incumbent’s contract expiration.
The university recently added four new members to its board of trustees, including two investment-related professionals, while also reelecting five board members, four of which are in the investment field.
The institution is seeking firms to provide investment advisory and quarterly investment performance monitoring services.
The economic development agency is looking to engage a firm to review its venture programs and possibly provide ongoing investment advisory services.
The university added private equity commitments with new and existing managers within its long-term pool in between its March and April board meetings.
The pension plan considered establishing a 5% target to either private equity or private credit last month.
The college has launched an RFP for an investment advisor after approving a new investment policy statement in April.
The university hired an investment associate to be actively involved in all aspects of the investment and manager research process.
The fund is removing a bond overlay as market monitor signals have moved to short from neutral and is also increasing two infrastructure commitments within its portfolio.
