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Investment consulting and advisory firms that cater to endowments, foundations and health systems experienced further consolidation in 2024, as many merged or were acquired while others opened shop or shuttered.
The incumbent provider will see its contract with the plans expire in August.
The city has roughly $73 million in investment funds overseen by Valley View Consulting.
The plan named three finalists to replace its current international growth equity manager.
The acquisition will see MetLife Investment Management’s assets under management increase to more than $700 billion.
The plan is seeking a single firm to provide administrative, investment advisory and custodial services.
She has been with the consulting firm for the past 14 years in what has been a total of 35 years in the industry.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
Plan added a real assets commitment to a prior manager relationship this week.
The plan made two commitments totaling $315 million today.