Searches And Hires
Western Asset Management had been on the plan’s watchlist since September.
The corporation is searching for firms to establish a state venture capital fund and to act as the manager of the fund, for which the state will be a limited partner.
The fund will look to commit more than $300 million across private equity and private credit this year as part of the pacing plan to reach its target allocations by the end of the decade.
The retirement system will also see its executive director resign on Friday after less than a year in the role.
The fund-of-funds made a commitment to an investment vehicle targeting start-ups in Southern Wisconsin, where Microsoft plans to make a $3.3 billion investment in cloud computing and artificial intelligence infrastructure.
The university added a new global public equity investment and a private equity commitment with existing managers within its endowment in the fourth quarter.
The investment consultant will provide advisory services to support the management and optimization of the university’s investment portfolio, which includes defined contribution, optional retirement and voluntary savings plans.
Fund is seeking a firm to serve as co-fiduciary and provide full service non-discretionary investment consulting services for its private markets portfolio mandates.
Authority expects to award a contract with a selected firm on Friday for services on behalf of its 457(b), 401(a) and retirement health savings plans.
The retirement system last conducted a similar search in 2018.