Searches And Hires
The university is looking to add private equity commitments to its portfolio on the heels of maiden commitments to the asset class in the fourth quarter.
The retirement system added $160 million in new private equity and hedge fund allocations in recent months.
The selected firm will provide investment advisory and portfolio management services for its $315 million in operating and capital funds.
The retirement system is also watching a hedge fund manager due to underperformance.
The plan last conducted a similar search in 2020.
The agency is seeking the services on behalf of its $129 million investment portfolio.
The plan has awarded approximately $1.2 billion across three managers.
The plan’s sole active large-cap growth equity manager has underperformed its benchmark.
The search was recommended to explore the space for a new core fixed-income manager.
The search is being conducted due to the upcoming contract expiration of incumbent CAPTRUST Financial Advisors.