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The contract of the plan’s current consultant expires on March 31.
The university approved terminating an active domestic large-cap value equity mandate and transitioning the assets to two passive index strategies alongside plans to ask the state legislature to create a $1 billion permanent endowment.
The firm has announced executive transition plans as its current president and ceo is set to retire next year after 25 years at the firm, including the last eight as its head.
Newly created position has been filled by a former Blackstone employee.
A California county is seeking investment consulting services on behalf of its defined contribution plans.
The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The plan hopes to receive additional response to a new RFP.
The plan disclosed several new private markets commitments in its December board meeting materials.
The program is seeking consulting services related to design, implementation, administration, procurement, best practices and more.
The plan is conducting the search due to the April 2023 contract expiration of its incumbent, which was rehired in 2018, 2013 and 2008 following similar searches.