Daily Feed
Newly created position has been filled by a former Blackstone employee.
A California county is seeking investment consulting services on behalf of its defined contribution plans.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The plan hopes to receive additional response to a new RFP.
The plan disclosed several new private markets commitments in its December board meeting materials.
The program is seeking consulting services related to design, implementation, administration, procurement, best practices and more.
The plan is conducting the search due to the April 2023 contract expiration of its incumbent, which was rehired in 2018, 2013 and 2008 following similar searches.
The plan hired a new executive director after launching a search earlier this summer due to the retirement of its former director.
The plan concluded a search that began in October due to underperformance and personnel changes at its incumbent.
The CLO manager will combine with Investcorp’s global credit platform.
