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The organization, which is focused on shifting the paradigm of who controls capital, has appointed an advisory board to help achieve its goal of having 33% of assets under management handled by gender-diverse and racially diverse fund management teams by 2033.
The fund will review the asset allocation for its portfolio later this year, including changes to targets and the addition of new asset classes, as capital market assumptions have changed significantly since a review was last conducted in 2021.
Firm’s first senior advisor most recently served at a large institutional pension plan.
The global growth firm has appointed President Jeffrey Perlman as its next ceo.
The retirement system disclosed roughly $70 million in committed capital across three funds.
The retirement system hired a new manager to replace BlackRock last month.
The retirement system rehired its incumbent for a five-year contract in 2019.
The plans are searching for a single firm to provide actuarial, administrative, investment advisory and custodial services.
The plan committed to two firms after interviews held in closed session.
The hire coincides with Cliffwater’s efforts to expand its dedicated investment team for the Cascade Private Capital Fund.