Daily Feed
The plans received three proposals in response to an RFP issued in February.
The retirement system is conducting the search for pacing purposes.
The retirement system expects to conduct finalist presentations at its January investment committee meeting.
The firm raised approximately $1.8 billion across multiple funds.
The authority has worked with its incumbent provider since 2008 and last rehired them following a similar search process launched in 2020.
The county last conducted a similar search in 2022.
The fundraise includes the successful close of Global Secondary Fund 8.
The pension fund approved the search at last week’s board meeting.
The retirement system also disclosed several private markets commitments.
It’s the last resort for institutions on the brink: tapping restricted funds from donors to keep the lights on. ‘The money they donated is not being used for what they gave it for.’
