Searches And Hires
The plan replaced its domestic all-cap equity manager, which had been on watch since April 2022 due to underperformance.
The system will consider making a growth private equity commitment at its Feb. 1 board meeting this month.
The fund approved private equity and private credit commitments with existing managers as recommended by its general investment consultant last week, with more recommendations expected in the coming months.
Retirement system is seeking a pool of managers to provide the services.
The assets will be indexed and no replacement search is planned.
The search is being conducted due to incumbent Empower Retirement’s upcoming May 31 contract expiration.
The plan hired a pair of domestic small-cap growth equity managers last week.
The foundation is reviewing responses to an invitation-only RFP for an impact investment consultant and hopes to conclude the process by the end of February.
The plan is expected to issue a private equity manager RFP in the next few months.
The university is considering launching a search for an investment manager as it last conducted an RFP process in the summer of 2021.