Private credit consultant search follows the evolution of the plan’s non-core fixed-income portfolio.
The plan last conducted a consultant search in 2015.
The plan hired two domestic small-cap value equity firms after interviewing finalists at today’s board meeting.
The plan will issue the RFP next month to seek a balanced ESG-focused investment option
The plan is seeking its first dedicated non-discretionary private credit consultant.
The plan will look to commit $240 million to private debt this year.
The plan terminated its hedge fund investment after closed session manager reviews.
The board will hear a presentation from the manager to address concerns raised by its consultant.
The plan hired two new managers and rehired another as the result of its non-U.S. equity searches.
The plan hired a domestic small- to mid-cap core equity manager from a search that began in September.