Searches And Hires
The plan considered five total direct lending strategies before making a commitment in February.
The district is tentatively scheduled to make a recommendation to its board of trustees in August.
The retirement system will interview two sets of finalists next month.
The plan replaced its outsourced cio at today’s board meeting due to underperformance.
The pension fund is scheduled to review a draft RFP at next Thursday’s board meeting.
The state fund has committed to a new private credit manager relationship.
The plan is conducting the search in anticipation of the expiring contracts of its three large-cap growth managers.
The retirement system previously did not have consultant coverage for private equity, private debt and private infrastructure.
The selections conclude RFPs issued by the commonwealth in early 2024.
The plan is researching diversifying strategies for potential allocations.