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The Investment Committee voted to recommend the PRIM Board approve the 2026 PRIM Asset Allocation, which represents no changes to PRIM's current approved ranges. NEPC provided independent external validation of the asset allocation model.

Approved Global Equity recommendations include transitioning US passive implementation to MSCI USA and MSCI USA Small Cap benchmarks, identifying enhanced index strategies, and establishing a dedicated Other Equity Opportunities (OEO) sleeve with up to $1 billion for differentiated public equity strategies outside the current taxonomy.

As part of approved Global Equity recommendations, PRIM will issue a Request for Proposals (RFP) for Active Global Investment Strategies to allow managers latitude across geographies. Part of a broader global equity restructuring approved for recommendation to the Board.

The Investment Committee approved adding Aberdeen Investments, Albourne America LLC, Meketa Investment Group, and New Alpha Management to a bench of project-based PCS and OCO advisors, mirroring the model used by PRIM's Real Estate team.

The Investment Committee approved a recommendation to the PRIM Board to retain Aberdeen Investments to provide Portfolio Completion Strategies (PCS) general advisory services, subject to contract negotiations. Aberdeen has served as PCS advisor for over a decade. Outcome of the PCS/OCO Advisory Services RFP.

The Investment Committee approved a recommendation to the PRIM Board to engage Aksia LLC to provide Other Credit Opportunities (OCO) advisory services, subject to contract negotiations. This is PRIM's first dedicated OCO advisor, appropriate given the program's growth to approximately $2.7 billion. Outcome of the PCS/OCO Advisory Services RFP issued October 13.

PRIM staff terminated the Wasatch global/public equity mandate during Q4 2025 due to long-term risk-adjusted underperformance, as reported at the February 10, 2026 Investment Committee meeting.

PRIM staff terminated the Baillie Gifford global/public equity mandate during Q4 2025 due to long-term risk-adjusted underperformance, as reported at the February 10, 2026 Investment Committee meeting.

PRIM staff terminated the Riverbridge global/public equity mandate during Q4 2025 due to long-term risk-adjusted underperformance, as reported in the Public Markets performance summary at the February 10, 2026 Investment Committee meeting.