Consultants, Custodian, and
Independent Accountant

The PRIM Board utilizes five consultants to assist it in making decisions about the investment direction of the PRIT Core Fund:

Callan Associates, one of the largest independently-owned investment consulting firms in the United States, is the Public Market consultant. It is responsible for making recommendations regarding manager selection and termination, and providing other advisory services that the Board may deem necessary. Callan will also works with the PRIM staff in monitoring the performance of managers and ensuring that managers are in compliance with their contractual guidelines, and assist the staff in implementing PRIM’s emerging managers program.

New England Pension Consultants (NEPC), located in Cambridge, Massachusetts, serves as PRIM’s asset allocation consultant.

Aberdeen Asset Management, located in Philadelphia, PA (headquarters), serves as PRIM’s hedge funds consultant.

Townsend, located in Cleveland, Ohio, assists PRIM in monitoring its real estate and timberland portfolios. Townsend makes recommendations with respect to manager selection, the development of an annual investment strategy, strategies that complement the core separate account program, and the overall implementation of the real estate investment policy. 

Hamilton Lane, located in Bala Cynwyd, Pennsylvania, serves as PRIM’s Private Equity consultant. Hamilton Lane recommends a strategic plan for the annual deployment of assets committed to special equity (buy-outs) and venture capital, assists PRIM staff in performing due diligence with respect to selection of partnerships, and conducts a quarterly and annual review of the Private Equity portfolio.

PRIM uses Bank of New York Mellon for master custody services; KPMG, LLP for external audit purposes; O'Neill and Associates for communication consulting services; and Edgewater Technology for IT support services.