A large majority of target date fund platforms are not considering adding private equity, private credit or real estate into their products, Callan’s 2025 defined contribution trend survey showed.
The plan made its first private equity commitment since 2018 at a special meeting this month.
The plan is looking to fill a role previously held by Dan Bienvenue, who joined General Atlantic as a managing director in April.
The board is looking to develop a short list of providers to assist in executing manager transitions in its investment portfolio.
The fund received educations on the two asset classes at its investment committee meeting last week as part of an ongoing asset/liability study.
The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
Malik Murray died on April 19 of an apparent heart attack.
The contract of the plan’s incumbent investment consultant is expiring.
The plan voted to remain with its incumbent at a special board meeting yesterday.