Daily Feed
The plan is seeking an advisor due to an ownership change at its incumbent.
The strategic partnership will allow First Sentier to offer new asset classes and structures to clients.
The plan’s real estate committee considered two credit commitments totaling $125 million earlier this month.
The plan selected its incumbent consultant after receiving a total of three proposals in a search initiated in January.
The board has issued its RFP seeking an investment consultant to oversee assets across five plans due to the upcoming contract expiration of its incumbent consultant, which is invited to rebid.
The fund approved one-year contract extensions for its general investment consultant and alternatives specialist consultant through 2024 at its board meeting earlier this month.
The plan will hold a second round of finalist interviews in its consultant search next month and committed to an existing private equity manager in February.
Total capital available for deployment exceeds $2.8 billion when combined with firm’s levered investment vehicles.
The fund’s close brings the firm’s total capital commitments to more than $8 billion since its 1992 inception.
The plan terminated its active international value equity manager in December due to underperformance.