Searches And Hires
The search is due to the incumbents’ upcoming June 30 contract expirations.
The plan will also target more $720 million to alternative funds in 2023.
The system has postponed finalist interviews in its search for consultants to oversee its portfolio due to Tropical Storm Nicole, which is expected to strike the state this evening.
The plan may conduct a search to replace its current underperforming hedge fund-of-funds.
The plan is set to commit $20 million annual over the next five years.
The university is seeking firms to provide discretionary investment management services for its endowment and will give preference to firms that can provide an African American as lead manager.
The plan is set to commit up to $850 million to private equity next year.
Plan is looking for a firm to fill out its unfunded 5% target to private debt.
The selected manager will handle proceeds from an upcoming bond sale.
The plan last conducted a similar search in 2014, which resulted in the hire of its two incumbents.
