HomeMy WebLinkAboutMinutes - 2017.07.27 - 32967OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMMITTEE MINUTES
A meeting of the Oakland County Employees' Retirement and Deferred Compensation Board
Investment Sub-Committee was held July 27, 2017 at 10:30 a.m. in the Royal Oak
conference room, Executive Office Building (EOB).
Members Present: James H. VanLeuven, Jr. Joseph Rozell
Andy Meisner Laurie Van Pelt
Others Present: Rhonda Van Tiflin, Human Resources
Chris Kuhn, AndCo Consulting
1. Meeting was open for public comment. No one spoke.
2. Chris Kuhn of AndCo Consulting made a presentation to the Committee. Mr. Kuhn
distributed and reviewed his report entitled Direct Lending Manager Search. Mr. Kuhn’s
recommendation to the Committee is an approximate 5% allocation to Direct Lending to be
made over a two year period.
3. The Committee agreed to entertain presentations by three prospective Direct Lending
managers, Benefit Street Partners (BSP), Churchill and Crescent in an Investment
Subcommittee meeting to be held on the afternoon of August 16, 2017. Assistant
Secretary VanTiflin will communicate the location and time once a meeting room is
secured.
4. The meeting was adjourned, without objection, at 11:34 a.m.
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Rhonda Van Tiflin, Assistant Secretary