Venture capital investors are expressing concern over the support for specialized banks that have provided numerous resources to the industry in light of the recent collapse of Silicon Valley Bank.
The plan is searching for a general investment consultant for its defined contribution retirement program to help with the search, selection, monitoring and reporting of investment vehicles.
The board has issued its RFP seeking an investment consultant to oversee assets across five plans due to the upcoming contract expiration of its incumbent consultant, which is invited to rebid.
The fund approved one-year contract extensions for its general investment consultant and alternatives specialist consultant through 2024 at its board meeting earlier this month.