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Firm closes Arcline Capital Partners III with $4.5 billion in aggregate capital commitments.
The recommendation stems from general investment consultant NEPC’s most recent asset class assumptions.
Venture capital investors are expressing concern over the support for specialized banks that have provided numerous resources to the industry in light of the recent collapse of Silicon Valley Bank.
The plan also concluded its real estate and passive manager searches.
The plan is searching for a general investment consultant for its defined contribution retirement program to help with the search, selection, monitoring and reporting of investment vehicles.
The firm updated portfolio management responsibilities for its Global High Income Fund.
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.