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The plan has consolidated its growth and innovation program into the private equity asset class.
The search is due to the contract expiration of Empower Retirement.
The institution added a floating rate fixed-income fund within its short-term pool and reduced its investment with a hedge fund manager to fund increased domestic equity and international equity investments within its endowment.
The New York-based venture capital manager has closed its oversubscribed early-stage decarbonization strategy.
The firms plan to form a joint venture combining their cash equities and equity research businesses to provide investment insights into the American, European and Asia Pacific equity markets as well as liquidity access and leading global trading technology.
The search is due to the contract expiration of incumbent Innovest Portfolio Solutions.
New rule allows plan fiduciaries to consider climate change and other environmental, social and governance factors.
The institution approved a new passive equity index investment with a diverse manager this summer as part of its commitment to promote diversity, equity and inclusion internally and through its selection of investment managers.
Firm closed Raven Asset-Based Credit Fund II at $834 million.
The trust company is looking to commit $150 million to $625 million annually to alternative assets, including alternative fixed-income, hedged equity and private debt, within its endowment.
