Searches And Hires
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.
The deferred compensation plan’s incumbent general investment consultant scored the highest of six total proposers.
The nonprofit has launched its first open RFP to build partnerships and support investments that can accelerate U.S. clean power projects, seeking proposals from energy developers, commercial partners, community lenders and financial investors like private credit and private equity firms.
The program is seeking a firm to provide general advice, counsel and recommendations related to investment personnel, investment strategy and investment portfolio, among other areas.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The retirement systems will look to hire a core bond replacement next quarter after terminating Western Asset Management last month.
The plan will commit a total of $1.2 billion to the asset classes next year.
The search is due to state regulatory requirements.