Searches And Hires
The plan made its first commitment to private debt at its board meeting yesterday.
The organization is searching for an investment consultant to assist with strategic investment planning, investment manager due diligence, investment market research, portfolio monitoring and investment performance measurement.
The county has four retirement plans totaling $441 million.
The plan’s current managers handle aggregate mandates of $25.6 million.
The search will be conducted as part of a new policy to review vendor services every five years.
Plan is seeking closed-end funds for a $10 million to $15 million mandate.
The commitments include two custom mandates.
The plan committed a total of $45 million to two private equity strategies.
The system is looking for record keeping and other services on behalf of its 401(a) and 457(b) plans.
The plan added a private credit commitment at last month’s board meeting.