Searches And Hires
The university system has issued an RFP seeking firms to provide lead record keeper, investment, administrative and participant services for its multi-billion retirement plans.
The trust is seeking an investment manager and a money market provider.
The plan is working with Benefit Financial Services Group and anticipates a selection in April.
The selected manager will handle approximately $373 million.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.
The plan hired two firms following the issuance of an RFP in 2019 due to the contract expiration of its incumbent provider.
The plan hired its current consultant in 2017 following a search for services.
The plan has begun its searches for general investment and public markets consulting services.
The plan will be responsible for a portfolio valued at more than $54 billion.
The selected manager will handle up to $15 million.