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The pension plan eliminated its 5% real estate target as part of a new asset allocation policy approved in the first quarter.
The university is searching for a cio and v.p. to oversee its investments after its investment head left the role last month.
The search follows the termination of its active manager last month.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
503 Capital Partners has formed as part of a management buyout of Tortoise Capital’s private credit platform, according to an announcement.
The selected candidate will report to the plan’s real assets investment director.
The county last conducted a search for the services on behalf of its 457(b) and 401(a) plans in 2019.
The authority last rehired its incumbent in 2020.
The global manager has added a partner and co-head of climate to help lead its dedicated climate investing team, which was established earlier this year.
The university elected one new member to its board of fellows and six new members to its board of trustees, including two experienced investment professionals.