Searches And Hires
The foundation made its first-ever mission-related investment with an equity investment in a small business investment company that provides growth equity to minority- and women-owned businesses in the region.
The foundation made a commitment to a local venture fund that aims to boost businesses owned by people of color in the region.
The foundation committed an undisclosed amount as an anchor investment to a new private credit strategy focused on senior secured facilities, mezzanine facilities and participating capital and asset-backed loans.
The foundation has issued an RFP seeking investment advisory and management services for its endowed and non-endowed funds.
The plans conducted an advisory services search earlier this year.
The city last conducted a similar search in 2018 that resulted in the hire of a new record keeper.
The pension plan committed $10 million to an existing private equity manager relationship and approved a 2024 private markets pacing plan in May.
The search, which is open to direct lending strategies only, is for a manager to handle $10 million.
The plan committed to two value-add real estate funds at today’s board meeting.
The plan has opened searches for active global and emerging markets equity managers.