Searches And Hires
The city last issued an RFP for the services in 2018.
The city is searching for a firm to provide investment consulting services for its $61 million deferred compensation plans.
The county treasurer’s office expects to issue an intent to award notice in December.
The fund will consider adding an upper middle market direct lending strategy to its portfolio as part of its buildout of some illiquid asset classes.
The institution added private equity and event-driven hedge fund strategies within its endowment in the first and second quarters, while also fully redeeming from a hedge fund manager.
The plan finalized an additional $15 million commitment earlier this week.
The watch placement comes as the firm’s global cio resigned last month.
The selected firm will establish a Section 115 Trust for the city over the next 60 to 90 days.
The fund expects to receive recommendations to add new multi-strategy hedge fund and international equity managers to its portfolio this month after making a private credit commitment at the end of the third quarter.
The foundation added impact private equity and emerging markets equity strategies with new managers within its endowment in the first half of 2023.