Daily Feed
The county deferred compensation and defined contribution plans swapped out an incumbent core-plus fixed-income manager under scrutiny from the SEC.
The commitments include two new relationships for the council.
The alternative asset manager added three members to its institutional business development team.
The plan hired an emerging manager consultant this summer.
The plan has issued an RFP seeking non-discretionary consulting services.
The plan will receive presentations from a credit manager and a farmland manager in the coming months.
The close brings Blackstone’s global direct lending platform to over $123 billion in assets under management.
CLARIFICATION: The West Virginia Investment Management Board committed $70 million each to ABR Capital Partners’ ABR Chesapeake Investors VII and TPG Angelo Gordon’s TPG AG Credit Solutions Fund III at its July 22 real estate committee meeting. Incorrect fund names and commitment amounts were included in yesterday’s FIN Daily based on plan provided materials.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The city received seven proposals in response to an RFP issued in June.
