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Plan is conducting an RFP for investment and plan design consultant services.
Tony Lissuzzo has joined the firm as a senior v.p. and investment consultant.
Byles Williams founded Xponance, a Black woman-owned investment firm, which offers direct active and passive equity, fixed-income and alternative investments as well as multi-manager strategies focused on emerging and diverse managers.
Plan added $315 million in alternatives commitments with existing manager relationships last week.
The fund approved a revision to its investment policy statement to lift its prohibition of privately placed securities as requested by one its international large-cap equity managers and recommended by its general investment consultant.
The university approved distressed debt and private equity commitments with existing managers within its endowment at its May investment committee meeting.
The plan expects to commit $225 million total to real estate this year.
The fund is expected to notify one of its managers of its placement on the state’s initial list of 13 financial institutions that are banned from state contracts due to their boycotts of fossil fuel companies or failure to reply to a questionnaire.
The university will transition to a new core investment menu in early June for its defined contribution plan, 403(b) plan and student employee retirement plans with a sole administrator handling oversight.
The fund invests in U.S. lower middle market companies in the manufactured products, business services and consumer industries.