Searches And Hires
The plan is targeting a proposed allocation of $12 million to $18 million for pacing purposes.
The retirement system hired a firm to replace its underperforming incumbent earlier this week.
The plan will halve its hedge fund target as it bolsters its U.S. fixed-income portfolio.
The plan will target a proposed allocation of $12 million to $18 million for pacing purposes.
The plan is seeking proposals from private debt managers offering direct lending strategies.
The foundation added distressed credit, mezzanine debt and hedge fund-of-funds strategies to its portfolios last year.
The system approved private equity commitments with new and existing managers within its endowment and the addition of a short-duration fixed-income manager within its liquidity pool at its investment committee meeting this month.
The funds have completed the evaluation process and selected a finalist in its search for firms provide financial advisory, investment consulting and risk transfer advisory services.
The plan will issue the RFP due to the contract expiration of the incumbent.