Searches And Hires
The plan’s private equity committee considered three commitments totaling $90 million this month.
The plan committed $75 million to a new manager last week.
The plan has worked with its incumbent general investment consultant since 2008.
The plan disclosed $183.5 million in recent private equity, private credit and real assets commitments this week.
The plan committed $175 million total to two existing managers last week.
The plan expects to complete the invitation-only RFP process by the end of the third quarter.
The plan will be examining the allocation structure of the portfolio as well as the current managers.
The plan asked its general investment consultant to prepare a search after an asset allocation discussion at today’s board meeting.
MissionSquare Retirement currently serves as the plans’ service provider.
The plan has issued its RFP seeking investment consulting services due to the impending April 16 contract expiration of its incumbent consultant, which is allowed to rebid.