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The investment management arm handling Princeton University’s $35.8 billion endowment, will search for its fourth president as Andrew Golden is set to retire next year.
Middle market private companies experienced year-over-year earnings and revenue growth of 11% each during January and February, according to a report from Golub Capital.
The plan recently terminated its risk premia manager due to investment process and performance concerns.
Plan intends to issue an RFP to seven to 10 firms in June after narrowing the universe to 15 potential candidates through screening.
The city launched a search last year seeking retirement plan record keeping and custodial, administrative, trustee, educational support and investment services.
The board made a hire in its investment advisor search late last year.
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The fund invests in middle market North American companies “that provide mission-critical products and services to the infrastructure and building markets.”
James Pruskowski was previously head of institutional and wealth management for municipal bonds at BlackRock.
The plan replaced its passive TIPS mandate with BlackRock and committed to a new credit manager last month.