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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.
Sinead Colton-Grant’s appointment as cio will be effective Jan. 1.
The plan last conducted a similar search in 2017.
The foundation is seeking a firm to oversee and administer its investment portfolio as well as develop and maintain its investment policy.
