The foundation is looking to add new commitments to private equity and build out the program alongside its outsourced cio over time.
The retirement system made a change due to the incumbent’s portfolio turnover and subsequent strategy deviation.
Two HBCUs have committed to an early-stage venture capital strategy targeting the fintech, healthcare, education and workforce development sectors.
The college is one of several institutional investors to commit to the latest venture capital fund from a Berlin-based manager.
The fund has extended the deadline for proposals in its search for firms to provide investment management services to June 5 from May 16.
The college savings plan received just two proposals after issuing an RFP to 98 firms in the first quarter.
The upcoming search stems from a new domestic equity structure approved today.
The systems hired a core fixed-income replacement following finalist interviews held last week.
The retirement system will receive educations on the asset classes at a third quarter board meeting.
The retirement system’s upcoming search will comply with state procurement laws.