Searches And Hires
The plan has issued RFPs seeking core infrastructure and core real estate funds.
The plan will also receive a private credit portfolio review at today’s board meeting.
The commitments represent new manager relationships for the council.
The plan is looking to invest $10 million each with private equity and opportunistic fixed-income managers.
The state is seeking a firm to help create a special purpose vehicle for in-state investments.
The commitments include a new manager relationship and a follow-on.
The authority last issued an RFP for investment management services in 2019.
The plan is searching for index managers to handle $10.5 billion.
The foundation has launched the search for investment management services as a result of a five-year fiduciary review and the incumbent provider is allowed to rebid.