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The plan opted to retain its incumbent investment consultant and 529 industry consultant following searches from the first quarter due to the contract expirations of each firm.
The firm has promoted a current employee to oversee and lead its domestic outsourced cio business.
The Northeast-based firm closed its second fund with $850 million in commitments, above its initial target, from a broad range of institutional investors.
The firm has hired a managing partner and cio to lead its discretionary and non-discretionary investment practices.
Two investment managers have partnered to launch a strategy targeting critical digital infrastructure or renewable energy assets.
An impact fund targeting local Black communities has garnered an initial $400 million investment.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The investment consultant will advise on a new venture capital program.
The plan’s current director is set to retire.
The commitments include two new manager relationships.