The newly integrated division is now one of the largest in the country for institutional advisory services, strengthening retirement, outsourced cio and endowment capabilities across a unified national platform.
The pension fund terminated a pair of underperforming international equity managers last month.
The retirement system committed to the third fund in a series with an existing fund manager.
Virtus Investment Partners has completed the acquisition of a 35% minority interest in Crescent Cove Advisors.
The plan’s initial priority will be to conduct a global core/value equity strategy search to compare with an existing investment manager.
The fund closes above its $1.25 billion target at $1.44 billion.
The West Coast-based authority issued an RFP for the services in the first quarter.
The plan expects to approve three recommended finalists for future interviews at this week’s board meeting.
The venture capital firm raised capital across six vehicles, underscoring the firm’s bespoke fund architecture and deep AI investment track record.
The global asset manager has named Jeff Ringdahl as president.