San Luis Obispo County (Calif.) Pension Trust has issued an RFI seeking a private markets outsourced chief investment officer to help the board commit $500 million to $750 million in private equity, private credit and infrastructure asset classes over the next five years, said Carl Nelson, executive director of the $1.6 billion pension plan, in an email.
The plan currently does not have a private markets OCIO. Verus Advisory is the pension plan’s general investment consultant, but recused itself from assisting in the search, because it would be a conflict of interest.
Investment consultant NEPC has been hired to assist in the search.
The RFI is available on NEPC's website. Proposals are due 5 p.m. PDT July 2. A selection is expected to be made by Sept. 27.