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A Mid-Atlantic county is searching for a bundled provider for its 457 deferred compensation plan.
Plan disclosed $95 million in new private equity and real estate commitments and is searching for a new private markets head.
Follow-on commitment will see fund focus on global diversified buyout partnerships.
The plan will vote to approve searches for intermediate fixed-income funds and global allocation managers.
The $1.9 billion transaction is expected to close early next year.
The search would be conducted in early 2022.
Plan’s investment committee approved a pair of real assets commitments subject to full board approval next week.
Organization intends to invest $200 million in diverse-owned and led private equity firms raising first or second funds.
The plan will interview three finalists at its October board meeting.
The retirement comes more than five years after AndCo’s acquisition of Thistle Asset Consulting.