Specifications include, but are not limited to: • Strategic planning and policy development with respect to the System’s private equity allocation. • Private equity performance monitoring and reporting. • Board and Staff education with respect to institutional private equity participants, investments, trends, market conditions and strategies. • Board and Staff education with respect to the development and implementation of prudent, economically targeted investing policies, if necessary. • Development of internal staff capabilities with respect to private equity investments. • Non-discretionary due diligence on private equity opportunities and access to all written due diligence reports. • Present detailed quarterly performance reports to the Board in conjunction with the System’s internal Staff.