The city has rehired its investment consultant on behalf of its $115.3 million 401(a), $66.7 million 457(b), $33.8 million OPEB and $388,760 Retirement Health Savings plans.
While there is uncertainty on the impact to markets following the U.S. strikes against Iran’s key nuclear facilities over the weekend, geopolitical risk is rising.
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.
North Haven Capital Partners VIII closed with $3.2 billion in total capital commitments.
The borough is seeking investment, banking/custodial, actuarial and administrative services for its pension plan.
The advisor will provide services for the county’s $510 million long-term core and $104 million long-term multi-asset class investment portfolios.
The plan interviewed three managers at its meeting earlier this month.
George Floyd’s murder on May 25, 2020 sparked protests regarding racism throughout the country, and further, ignited conversations and movements surrounding racial diversity and inclusion that extended to the investment space.
PACT Capital Partners has made a minority investment in private equity firm Accel-KKR.
The city is seeking investment management services for its portfolio.