Oklahoma Tobacco Settlement Endowment Trust, Oklahoma City, approved a search for its first global asset allocation managers, said Lisa Murray, chief investment officer at the Oklahoma state treasurer's office, which oversees the trust.
Investment consultant NEPC will issue an RFP, although an exact date has not been decided. The asset size of the search has not been determined yet either, Ms. Murray said in a telephone interview. The $835 million trust is anticipating finalist presentations in November.
Separately, the endowment trust committed $20 million to AEW Partners Fund VII and $10 million to Distressed Real Estate Opportunities Fund II, value-added real estate funds managed by AEW Capital Management and Siguler Guff & Co., respectively.
Partners Group was also a finalist. An RFP was issued in July.