The plan selected a new firm due to the founder’s advantageous background.
The plan had concerns over its search process and will utilize outside help.
Plan will issue an RFP for bank loan managers following approval at this week’s board meeting.
The plans are searching for a consultant due to the incumbent’s upcoming contract expiration.
The president is departing at the end of the year.
The plan will put its $8.9 billion index funds and real estate consultant services out to bid.
The plan hired a manager to take advantage of an inefficient market.
The plan makes a specialty finance investment and redeems from a real estate fund.
The plan made two private commitments for pacing purposes.
The plan is looking to commit to up to three private equity funds.