Searches And Hires
The plan ended a 30-year relationship with a core-plus bond manager after changes from recent meetings reported out of closed session.
The search is being conducted to comply with state regulations.
The retirement system made $275 million in new alternatives commitments in recent months.
The selection firm will provide services such as administration, record keeping and investments.
The plan’s current consultant was hired in 2016 following a similar search.
The plan disclosed an up to $20 million private credit commitment last month.
The plan committed to an existing private debt manager relationship in March.
The selected firm will serve from July 1 through June 30, 2028.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.
The institution selected a firm to provide investment advisory and management services for its operating funds portfolio at the end of the second quarter after issuing an RFP earlier in the year.