Searches And Hires
The plan made commitments totaling up to $321.4 million this week and was informed of a private equity co-investment.
The plan’s private equity committee received three investment recommendations last week and made two commitments in March.
The commitment appears to represent a new relationship for the plan.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The plan transferred the assets to an existing Standard & Poor’s 500 Index mandate last week.
The search is for value-add managers to handle up to $7 million.
Plan’s investment and operations committee will recommend one finalist to the full board later this month.
The investment consultant will advise on the county’s deferred compensation plan and OPEB plan.
The asset class will represent a new investment for the plan.
The plan discussed three commitments last quarter totaling $75 million.