Searches And Hires
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.
The college savings plan approved adding a passive international equity comingled fund to its portfolio at the expense of two actively managed funds to reduce risk and lower management costs.
The college is seeking responses from firms with experience in developing portfolio investment guidelines.
The foundation recently launched an impact investing strategy with a $5 million commitment intended to advance racial equity in the area or other strategic areas, including youth, public safety, economic opportunity and neighborhoods.
The plans currently work with general investment consultant Advanced Capital Group, which was rehired in 2016 following a similar RFP process.
The plan is seeking primary funds and fund-of-funds structures across buyout, growth equity and secondaries strategies as well as co-investments.