Searches And Hires
The retirement fund approved three private credit commitments to start funding of a 2.5% maiden allocation to the asset class added last year.
The pension plan added commitments in real estate, private credit and private equity in recent months.
The pension plan expects to conclude the searches between April and May.
The deferred compensation plan posted an RFP for investment consulting services.
The plan disclosed four total commitments made last month.
The plan hired a pair of bank loan managers to handle roughly 3% of its overall portfolio this week.
The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
The retirement systems concluded a general investment consultant search last month following finalist interviews held last quarter.
The institution rehired its discretionary investment advisor over two other finalists following the issuance of an RFP in the first quarter of 2023.
The commitments include one to a first-time manager.