Rhode Island S3014 mandates the state investment commission to establish a capital access initiative to diversify investment managers for the state.

Rhode Island S3014 requires the state investment commission to create a capital access initiative to expand potential investment opportunities for the state’s pension fund and engage qualified but traditionally underrepresented investment managers. The initiative aims to include at least 10% of investment managers managing the state pension fund through this program. The commission must take affirmative steps to remove barriers to equal participation, ensuring the initiative is consistent with sound investment policy and fiduciary prudence.

Rhode Island S3014 mandates the state investment commission to establish a capital access initiative to diversify investment managers for the state.

Rhode Island S3014 requires the state investment commission to create a capital access initiative to expand potential investment opportunities for the state’s pension fund and engage qualified but traditionally underrepresented investment managers. The initiative aims to include at least 10% of investment managers managing the state pension fund through this program. The commission must take affirmative steps to remove barriers to equal participation, ensuring the initiative is consistent with sound investment policy and fiduciary prudence.