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Search is for services for up to three 457 plans.
Treasurer’s office is searching for a firm to help operate its $11 billion investment portfolios.
The plan received five proposals in response to an RFP issued in September.
The firm has targeted the deployment of 36% of the fund in ten investments across its targeted sectors.
The fund will focus exclusively on investing in U.S. healthcare companies.
Plan is keeping its domestic large-cap core manager following an RFP issued last year due to the firm’s performance.
The new semi-liquid multi-sector manager will handle a roughly $250 million mandate for the plan.
She will assume a COO role at T. Rowe Price following her predecessor’s exit last year.
Plan added a pair of direct lending commitments totaling $250 million and a $76.4 million European real estate commitment.
The treasurer has decided to stick with its incumbent investment consultant to oversee its cash pool.
