Searches And Hires
The plan is set to commit $700 million to private credit this year.
The pension plan hired a domestic core fixed-income manager after increasing its target allocation to the asset class in the second quarter.
The plans terminated their mandate with domestic core-plus fixed-income manager Western Asset Management and hired a new record keeper in the fourth quarter.
The plan made two private debt commitments last quarter totaling $50 million.
The retirement fund has posted an RFP for infrastructure managers to handle a $50 million to $80 million allocation.
The investment division last conducted an RFP for the services in 2018.
The deadline for proposals in a search for a firm to provide investment consulting services has been extended by two days.
The retirement plan’s incumbent consultant firm lost a senior v.p. last month.
The plan also received asset/liability stress test results from project-basis consultant Agilis at today’s board meeting.
The hire concludes an RFQ search launched in September.