The plan awarded a contract to a brand new third-party administrative services provider.
Program closes with roughly $1.1 billion committed capital, 20% higher than initial internal targets.
The plan added a $10 million real estate credit commitment at an October board meeting.
Incumbent consultant has been handling the plan’s services on a month-to-month basis since its three-year contract expired during the COVID-19 pandemic.
The plan approved a consultant recommendation to replace its existing U.S. small-cap equity option.
A Florida school district has issued an intent to award notice in its investment advisor search.
Plan will review additional opportunities in January after rescinding a private equity fund-of-funds commitment approved in July.
Kweku Obed was appointed to PBGC’s seven-member Advisory Committee by President Biden.
The plan has consolidated its growth and innovation program into the private equity asset class.
New rule allows plan fiduciaries to consider climate change and other environmental, social and governance factors.