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The university has approved extending the contract of its discretionary investment consultant for an additional three years through June 2026.
The health system has issued an RFP for an investment consultant for its defined benefit plan and defined contribution plan after rehiring its incumbent in late 2018.
Investment consultants and institutional investors continue to monitor the fallout of Silicon Valley Bank’s recent failure and its ongoing effects on the market.
The plan hired three managers that will evenly split $100 million.
The plan added $500 million across three new alternatives commitments in the fourth quarter.
The new position will be responsible for all private markets strategies at the $443 billion plan.
The plan interviewed finalists in its emerging markets equity manager search at a meeting today and an additional firm last month.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The indirect impact of the Silicon Valley Bank situation on institutional investors will take time to fully assess as Federal Reserve actions to backdrop depositors is digested by the markets.
The search follows the plan rehiring its incumbent for the position in 2017.