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Investment committee approves agenda and minutes; private‑equity consultant RFP receives public comment
Summary
The committee approved the agenda with flexibility and accepted minutes on consent; Item 5, a request for proposal for a private‑equity consultant, drew public comment urging explicit labor and ESG standards in consultant selection.
The investment committee approved the meeting agenda with flexibility and accepted the minutes as a consent item during open session. Chair Keeley noted the agenda’s flexibility and the approvals proceeded without objection.
Item 5 on the agenda — a request for proposals for a private‑equity consultant — was introduced and received public comment. Doug Orr, speaking for the California Federation of Teachers at the meeting, urged the fund to complete development of private‑equity labor and ESG standards and said clear standards would aid both consultant selection and future enforcement against managers who violate expectations.
No formal vote on the RFP was recorded in open session; staff indicated the item would move through the normal process and that further details and staff recommendations would appear in subsequent materials and closed session as appropriate.
