Searches And Hires
The advisor will assist with reviewing, developing and monitoring investment options.
The plan also terminated two underperforming domestic equity managers.
The plans received three proposals in response to an RFP issued in February.
The retirement system is conducting the search for pacing purposes.
The retirement system expects to conduct finalist presentations at its January investment committee meeting.
The authority has worked with its incumbent provider since 2008 and last rehired them following a similar search process launched in 2020.
The county last conducted a similar search in 2022.
The pension fund approved the search at last week’s board meeting.
The retirement system also disclosed several private markets commitments.
The strategy is KKR’s largest infrastructure fund raised to date.
