Searches And Hires
Two prominent foundations are among the group of endowments, foundations, pensions, corporations and family offices to commit to a firm’s recently closed second venture fund.
The plan approved a search to fill a $390 million allocation last week.
The pacing plans call for a total of $105 million to private markets this year.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The county is seeking a manager to handle two portfolios totaling $14 million.
Bolton Investment currently provides investment consulting services for the plans.
The city is conducting the search on behalf of its $17.8 million deferred compensation plans.
The pension plan was notified of two commitments totaling $975 million last week.
The plan’s current advisor will see its contract expire on Sept. 30.