Searches And Hires
The university authorized its board chair to execute or decline a private equity commitment within its endowment in the third quarter.
The pension added a new investment and co-investment in real estate and two additional commitments to existing secondaries and venture capital managers in October.
The current ceo announced her retirement last month.
The hire concludes an investment advisor RFP search launched in August.
The search is to potentially replace a current underperforming manager.
The retirement system will consider hiring two active domestic fixed-income managers and approving a structure for its new private debt portfolio this week.
The plan last conducted a search for services in 2018.
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.
The selected firm will manage a private equity portfolio totaling $400 million over five years.
The pension plan opted to extend its general investment consultant contract for one year while it searches for a new executive director and cio.