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The global alternatives manager has hired a managing director focused on secondaries to bolster its secondaries, governance, reporting and client partner team.
The fund is expected to receive a private equity pacing plan proposal from its general investment consultant alongside private equity and private credit commitment recommendations at its board meeting this month.
The plan began an invitation-only search last quarter.
The West Coast retirement system consolidated to one manager from two at today’s board meeting.
The retirement system is expected to approve the search at its February board meeting.
The institution has received a $100 million donation for endowed scholarships and campus improvements.
The fund will primarily invest in privately originated, floating rate, senior secured loans.
The foundation is searching for a senior v.p. to oversee its investment management and impact investing as its finance head left at the end of the year to pursue a new opportunity.
The plan trimmed its fixed-income manager roster to two from three following a strategic review.
The plan is preparing searches for international and U.S. small-cap equity managers for this year.
