Searches And Hires
The defined contribution plans agreed to issue a targeted general investment consultant RFI for best practices.
The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The upcoming search will seek potential replacements for the plan’s incumbent, which handles $477 million.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.
The search is being conducted in accordance with state procurement requirements.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The pension plan approved three commitments totaling $175 million and a private credit pacing plan this week.
The pension plan selected nine real assets equity managers for possible inclusion within its investment lineup today.