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The firm has hired a managing director within its private equity impact investing team to identify, execute and manage direct private equity investments in key thematic impact sectors.
The firm hired a senior v.p. to lead and build out its institutional outsourced cio practice.
The institution selected a firm to provide investment advisory and management services for its operating funds portfolio at the end of the second quarter after issuing an RFP earlier in the year.
The fund has narrowed its search for a new global equity manager for its portfolio to three finalists and selected a firm in its domestic large-cap growth equity manager search at its board meeting this week.
The firm closed its private equity strategy, which focuses on control investments in franchisor and multi-unit companies, with almost $600 million in total commitments, surpassing its $475 million target.
Casey Quirk analyzed 50 of the largest asset managers and found that roughly 20 firms grew their net new revenues at a rate greater than the industry average between 2009 and 2019.
The firm’s second fund is over 50% larger than its predecessor.
The plan will conduct a search for multi-asset class credit investment strategies.
Plan is eyeing searches for active emerging market debt and private markets secondaries strategies following initial discussion earlier this month.
The plan, which conducted a similar search in 2018, is seeking a firm to manage its investments.