Searches And Hires
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The pension plan hired a manager to implement its maiden 7% target to domestic fixed-income as part of a new asset allocation policy in March.
The plan rehired NEPC as its general investment consultant in April following a search launched in January.
The city previously launched a search in October as the plan has not utilized an investment consultant.
The plan approved the search at its board meeting earlier this week and has a 6% target to global multi-sector fixed-income.
The firm will provide investment consulting services for approximately $80 million to $100 million in operating and capital funds.
The city issued the RFP in April due to the incumbent’s contract expiration.
The plan will consider first-time investments in private equity and private credit strategies.
The institution is set to acquire a nearby campus from a Catholic Institution as it has experienced shrinking enrollment numbers and budget gaps.