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The plan adopted a new asset allocation that includes a maiden target to the asset class.
The transaction will occur over the course of two years.
The plan’s current administrator is retiring this week.
The plan announced that it has made a $1 billion commitment “aimed at identifying and supporting the next generation of investor entrepreneurs in the private markets.”
The managing directors have been with the private equity firm for nearly 10 years.
The plan hired a new investment manager to handle an investment in a non-publicly traded financial security at the end of the third quarter.
The college selected a new investment advisor for its portfolio last year after issuing an RFP in the first quarter.
The college savings plan hired a new executive director following a search after its previous head left in November to join a municipal financial advisory firm.
The wealth advisory and investment firm has hired a new executive v.p. and head of wealth management as its previous head stepped down from the role to head the firm’s private client group on Jan. 1.
A fund in the South has issued an RFP seeking firms to actively manage investment funds, which are expected to include an estimated $100 million to $300 million, on a day-to-day basis and provide investment advice.