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The town is searching for a firm to help maintain and enhance its investment portfolio.
The funds will target sectors including business and infrastructure software, developer tools and cybersecurity.
The plan first decided to switch to an outsourced cio model in 2020.
He will oversee all day-to-day operations and provide strategic leadership for the firm’s shared services.
They will develop, structure and launch investment strategies uniquely designed for insurance clients.
The fund will focus on value-added, middle market infrastructure investments.
The commitments represent the plan’s first investment in the asset class.
The foundation is receiving more than $20 billion in gifts to increase its endowment to help increase its annual spending.
The college savings plan is searching for its next executive director as its previous head left to join a Western university as its deputy cio last month.
The plan is seeking an investment manager to handle an investment in a non-publicly traded financial security after conducting a search last year for firms to handle direct investments of financial securities that are not typically traded on financial markets.