Searches And Hires
The plan approved the search at its board meeting earlier this week and has a 6% target to global multi-sector fixed-income.
The firm will provide investment consulting services for approximately $80 million to $100 million in operating and capital funds.
The city issued the RFP in April due to the incumbent’s contract expiration.
The plan will consider first-time investments in private equity and private credit strategies.
The institution is set to acquire a nearby campus from a Catholic Institution as it has experienced shrinking enrollment numbers and budget gaps.
The system approved a private equity commitment with an existing energy-focused manager at its board meeting late last month.
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The firm will provide investment consulting services for the Treasury through June 30, 2027.
The plan added $90 million across two commitments in the second quarter.