Searches And Hires
The city previously launched a search in October as the plan has not utilized an investment consultant.
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.