Searches And Hires
The search follows the plan’s decision to introduce a 5% dedicated private credit target allocation yesterday.
The city last conducted a search for the services in 2020.
The city hired Public Trust Advisors to handle the services following an RFP issued at the start of the decade.
The four finalists will present in January for a $55 million mandate.
The plan issued an RFP seeking one or more private markets consultants.
The retirement board is statutorily required to conduct the investment consultant search.
The town received six proposals in response to an RFP issued in January.
The plan is seeking a single service provider.
The retirement system added a maiden 5% private credit target as part of a newly approved asset allocation in September.
The recommended core bond hire represents “one of the final steps in realizing the restructuring of KCERA’s overall fixed income portfolio” from 2023.