FPIF utilizes a Request for Proposal (RFP) process when searching for qualified investment service providers. The RFP process allows applicants to supply information regarding the firm’s services, experience, fees and other relevant information that we need to assess a company’s suitability as a FPIF investment service provider.
FPIF seeks emerging market small cap equity investment strategies to invest 2% of its assets. FPIF will consider strategies with a variety of investment approaches. FPIF prefers to invest in investment managers’ flagship strategies with minimal customization in a separate account structure.
FPIF is seeking expressions of interest for investment in Private Equity Large Market Buyout Funds. FPIF has a target allocation to Private Equity of 10% and exposure of 0% to the asset class as of December 31, 2023. FPIF expects to build the Large Market Buyout portion of its Private Equity program directly through selecting one or more such funds each year. FPIF intends to commit in total approximately $100 million annually to Large Market Buyout Funds and expects to allocate such capital across one to three individual fund commitments each year.
FPIF is seeking expressions of interest for investment in Infrastructure Large Market Non-Core Funds. FPIF has a target allocation to Infrastructure of 4% and exposure of 0% to the asset class as of December 31, 2023. FPIF expects to build the Non-Core portion of its Infrastructure program directly through selecting one or more such funds each year. FPIF intends to commit in total approximately $80 million annually to Infrastructure Large Market Non-Core Funds and expects to allocate such capital across one to three individual fund commitments each year.