Daily Feed
The organization is seeking retirement plan service providers to handle record keeping, investment management, participant and administrative services to reduce the burden on internal staff.
The college savings program expects to launch a search for consultants to assist with evaluating faith-based or values-aligned investment options within its portfolios.
The firm recently hired a senior investment consultant to work with its growing institutional clients, including foundations, endowments, healthcare plans and retirement plans.
The university approved four private equity commitments, including one with a new manager, as well as a private real assets commitment at its June investment committee meeting.
The university added new private equity and venture capital managers within its endowment earlier this year on the heels of new commitments to existing managers.
The plan also approved $25 billion in passive investments with a firm as well as private equity commitments at today’s meeting.
Global private markets manager Flexstone Partners has agreed to acquire Glouston Capital Partners.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The county issued an RFP in February as part of a periodic review of its services.
