Daily Feed
The foundation retained its incumbent manager after issuing an RFP for the services earlier this year.
The firm has hired a venture partner to lead its newly established medtech innovation engine.
The executive director has been with the retirement system since 2016.
The plan currently utilizes three providers and is looking to hire a single provider.
The director of investment operations will oversee and manage investment operations activities related to the foundation’s endowment, including reporting and all middle and back-office functions.
The university recently revised the target asset allocation for its long-term reserves portfolio, increasing its allocations to domestic and international equity.
The retirement system received proposals from five firms following an RFP issued in January.
The plan is also considering adding risk mitigating strategies.
The firm raised $5.5 billion for the oversubscribed flagship fund.
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.