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The college savings plan is seeking an investment consultant to advise on evaluating its current and prospective investment options as well as on how to expand its offerings to investors.
The proceeds will fund a new mandate from July.
The state’s technology and research fund made a new $10 million commitment to a venture firm to promote technological innovations regionally.
The plan’s RFP received a total of 16 open-end real estate products.
The fund is looking to invest in artificial intelligence-native hedge funds as it finds the biggest funds have been slow to adapt.
The plan is looking to fill a vacancy within its fixed-income department.
Co-Investment Fund VI closes with an oversubscribed $2.5 billion in committed capital.
Empower currently provides the services for the deferred compensation plan.
The plans had been slated to issue the RFP following the onboarding of new investment advisor Innovest Portfolio Solutions earlier this year.
City manager and council approval of a selected firm are scheduled for Aug. 10.