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The search will begin in the next three to six months due to the upcoming contract expiration of the incumbent.
The new asset allocation introduces private credit and infrastructure asset classes.
The RFP is being issued because a number of infrastructure managers are coming to market this year.
The plan approved a core-plus fixed-income manager search and terminated its hedge fund-of-funds mandate as the result of a new asset allocation policy.
The plan authorized two private equity fund-of-funds searches and terminated two managers within its diversified strategies portfolio as the result of a new asset allocation policy.
Northleaf Secondary Partners III is more than 60% larger than the firm’s predecessor fund.
The plan terminated the manager in the third quarter due to performance.
Stubborn levels of inflation and other factors like changing dynamics of geopolitics and global trade will make actively managed equities essential to navigating the market environment, according to a new survey.
Social justice funds addressing diversity, equity and inclusion are gaining traction with a growing base of institutional investors, leading asset managers to develop and offer solutions that invest in companies and communities that support people of diverse backgrounds.
The institution expects its exposure to climate transition solutions to exceed exposure to fossil fuels in the coming years as investment activity in climate transition ramps up and fossil fuel exposure winds down.