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The city hired CAPTRUST Financial Advisors as its new consultant this month.
Commitments to private credit and private equity made at today’s board meeting total $60 million.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
He will develop and oversee the firm’s digital asset strategy.
He will drive and grow business with international clients from Latin America and Asia.
They will be responsible for building private equity relationships and overseeing investor relations, capital markets and project management.
The fund will consider increasing its investment with an existing real estate manager this summer as its target to the asset class is significantly underweight.
The institution will review the asset allocation for its endowment this week and consider increasing its private equity target.
The 529 plan increased its cash target in anticipation of significant cash outflows over the next two years with funding coming from reductions to fixed-income and public equities.
The St. Louis-based firm hired a co-cio to lead its discretionary investment business and head its manager research function.
