University of Houston System selected NEPC to be its investment consultant, confirmed Shawn Lindsey, spokeswoman for the $817 million endowment.
NEPC is replacing Cambridge Associates. An RFP seeking investment consulting services to meet the university system's "changing needs and objectives" was issued in May.
A Cambridge spokeswoman declined to comment.
As of Sept. 30, the system had an allocation of 44.8% global equities, 19.9% bonds and cash, 18.5% private equity and venture capital, 8.8% real assets and 8% hedge funds.
Separately, the system's board of regents voted at its Dec. 3 meeting to allocate $102 million to the Northern Trust Russell 3000 Index Fund, managed by Northern Trust Asset Management. Funding will come from redeeming its position within the Northern Trust Russell 1000 Index Fund.
