Private equity and credit stand poised to continue dominating nonprofit mandates for the next year to two years, according to a new study of outsourced cio providers.
The state trust fund added two private equity buyout strategies in December as part of the buildout of its private equity and alternative investment portfolio.
The firm added a central regional director to work with nonprofit and institutional clients, providing them with investment advisory, asset allocation and portfolio construction services.
The state fund-of-funds is preparing to conduct a search for an investment consultant due to the upcoming contract expiration of its incumbent provider.