Searches And Hires
A university based in a Southern state approved commitments to a private equity buyout fund and a venture capital fund, with plans to add more later this year.
The university selected a discretionary advisor to select managers, handle executive asset allocation decisions, develop investment strategies and manage the investment processes after issuing an RFP for the services last year.
The changes were recommended by the trust’s newly hired general investment consultant.
The county rehired its incumbent for the treasury investment pool following a similar RFP process conducted in 2020.
The pension fund hopes to make a commitment in its infrastructure secondaries search this month after narrowing it to three firms.
The pension fund previously extended the contract of its transition managers by one year.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.
The plan’s current private markets co-investment manager will see its contract expire at the end of the year.
The plan’s current real assets consultant will see its contract expire this year.