Firm partners with Fiduciary to enhance service offerings and build upon the independent wealth manager and trust company’s 140-year history.
The retirement fund also approved an Africa-focused private equity commitment earlier this month.
The retirement system first approved a draft general investment consultant RFP at its investment committee meeting last week.
The plan is seeking non-discretionary investment consulting services for its more than $500 million alternatives portfolio.
The program, which will officially launch in 2027, has begun a search for an investment consultant.
The authority rehired the incumbent following searches in 2021 and 2015.
The university retained its incumbent investment consultant to conclude its search from the first quarter for a firm to monitor, manage and grow its portfolio.
The deferred compensation plan had issued an RFP for the services this summer.
The retirement system will conduct searches for domestic and global fixed-income and domestic and emerging markets equity managers.
The pension plan reviewed investment advisor proposals from four firms at a meeting last week.