The selected firm will service the county’s investment portfolio and the county school district’s general and bond portfolios.
The “overwhelming majority” of LP participants in a recent survey planned to either increase or maintain their allocation to alternative investments in the next year.
The new hire will focus on deepening and expanding the firm’s relationships with existing and prospective institutional investors and consultants.
The plan will split senior private equity responsibility moving forward.
The plan has transitioned away from a general investment consultant relationship.
The termination request stems from the ongoing issues related to the SEC investigation and leave of absence by Co-CIO Ken Leech.
The search is open to value-add and opportunistic real estate strategies.
The firm appointed three new senior v.p.s to its U.S. institutional team.
The hire is one of three made to the firm’s senior team.
The firm’s third direct lending fund its largest to date with $1.2 billion in total capital.