Searches And Hires
The four finalists will present in January for a $55 million mandate.
The plan issued an RFP seeking one or more private markets consultants.
The retirement board is statutorily required to conduct the investment consultant search.
The town received six proposals in response to an RFP issued in January.
The plan is seeking a single service provider.
The retirement system added a maiden 5% private credit target as part of a newly approved asset allocation in September.
The recommended core bond hire represents “one of the final steps in realizing the restructuring of KCERA’s overall fixed income portfolio” from 2023.
The fund approved issuing RFPs for infrastructure strategies and private equity strategies in December at its November board meeting.
The investment program was created earlier this year to provide state entities with funds for opportunities to invest in private equity funds, venture capital, growth funds and direct investments in companies based in the state.
The retirement system is conducting the search ahead of its incumbent’s contract expiration.