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The strategy is focused on OECD countries primarily in North America and Europe.
The increased commitment will provide the plan with “an equal-weighted exposure” between its U.S. and European private credit managers and the termination will reduce volatility.
The new executive director/cio will be responsible for close to $125 billion in assets.
The senior investment officer has left after six years to join a West Coast-based family office as director of private investments effective Sept. 1.
The university’s parent organization is searching for a director of investments to help manage and oversee its investments after its director of investment strategy and portfolio management left earlier this year.
The religious institution adjusted the targets for its investment fund and socially responsible investment fund.
The new consultant will provide private credit and credit consulting services.
Firm will provide non-discretionary management for the city’s $700 million portfolio.
Firm will provide marketing and enrollment services, administrative services and recordkeeping services.
The plan terminated an international equity manager last month due to underperformance and organizational concerns.