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The fund will focus on lower middle market service industry companies.
They will be involved in all aspects of the investment process.
Carlton Chin joined the $3.1 billion Municipal Fire & Police Retirement System of Iowa as its first deputy cio in 2020 and was promoted to cio in July. He took the time to answer 5 questions with FIN News.
Endowments and foundations’ have seen substantial asset growth in recent years, “straining the system, including investment staff, IT, and various support functions,” but 71% of surveyed cios said they did not need to add more personnel.
The fund is looking to build out its alternatives allocations to align its portfolio with a new strategic asset allocation approved in June.
The real assets sustainability consultant’s new office will seek to tap demand for ESG consulting in North America.
The new trustees, which are responsible for general oversight and management of the institution, including protection and enhancement of assets, include two investment professionals.
The principal will focus on domestic investments with a focus on early-stage companies.
The cio is stepping down from the role to pursue another opportunity in the area.
The nonprofit hired new and existing fixed-income managers to help manage four of its investment pools after issuing an RFQ last year due to the contract expirations of its incumbent providers.