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A Western deferred compensation plan has issued an RFP seeking an investment consultant.
The newly created role includes overseeing global sales, client engagement and marketing across the U.S., Europe and APAC.
LLCP Lower Middle Market IV closes with $2 billion in total capital commitments, surpassing its $1.7 billion target and closing at its hard cap.
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The combined closings bring Francisco Partners’ total capital raised to more than $75 billion.
The plan had worked with its incumbent investment manager since 2022.
The retirement system has issued three domestic equity manager RFPs.
The firm brought on a new managing director from Clearlake Capital Group.
The trust’s ceo and cio recently left the organization after more than three years of service to launch their own investment advisory and outsourced cio firm.
The nonprofit association revised its target asset allocation in the second quarter, moving its portfolio toward fixed-income at the expense of public equities and real assets.
