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The plan will conduct searches in several fixed-income and credit sectors following a portfolio restructure stemming from an overall asset/liability study.
The fund is managed by Blackstone Credit’s sustainable resources platform, which launched last year.
The new hire joined the plan from Capital Group last week.
The plan opted to liquidate its 10% allocation and reallocate the proceeds to fixed-income.
The private debt commitment was made for pacing purposes.
County conducted a similar search for a portion of its investment portfolio in 2019.
The social enterprise organization has launched a $50 million impact vehicle to revitalize urban areas that has garnered investments from several prominent foundations.
The agency has issued an RFP seeking a financial advisor to help facilitate the issuance of bonds and other obligations and advise on their investment.
A federal securities regulator has fined 11 firms with failing to preserve electronic communications.
The health insurance federation has hired the former cio of a college savings plan as executive director of investments to see its investment programs.