Consultants, Custodian, and Independent Accountant

Callan Associates, headquartered in San Francisco, serves as PRIM’s public markets consultant, and is responsible for making recommendations regarding manager selection and termination, and providing other advisory services that the PRIM may deem necessary. Callan also works with PRIM staff to monitor the performance of managers, ensure managers are in compliance with their contractual guidelines, and assist the staff in implementing PRIM’s emerging managers program.

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

Aberdeen Asset Management, headquartered in Philadelphia, serves as PRIM’s hedge fund consultant.

Albourne, headquartered in in London, serves as PRIM’s operational due diligence service provider.

Callan Associates, serves as PRIM’s public market consultant, and is responsible for making recommendations regarding manager selection and termination, and providing other advisory services that the Board may deem necessary. Callan also works with the PRIM staff in monitoring the performance of managers and ensuring that managers are in compliance with their contractual guidelines and assists the staff in implementing PRIM’s emerging managers program.

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.

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

PRIM also uses the following vendors: 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.