Searches And Hires
The retirement system also disclosed several private markets commitments.
The strategy is KKR’s largest infrastructure fund raised to date.
The deferred compensation plan terminated an underperforming domestic large-cap value equity manager in the second quarter.
The plan also approved a maiden infrastructure manager hire at today’s board meeting.
The trust recently hired managers to fill its maiden targets to listed infrastructure and listed REITs.
The RFQ process follows a similar one launched in January for domestic small-cap equity managers.
The selected consultant will assist in conducting an RFP to consolidate its plan service providers to one, among other responsibilities.
The plan began a replacement search for a domestic mid-cap equity manager terminated last quarter.
The search comes in conjunction with a manager redemption request approved this week.
The institution added new developed markets, emerging markets equity and hedge fund strategies within its investment portfolio during the first quarter following several redemptions from existing managers.
