CONTRACTAPPROVED

Jackson Health System Awards Financial Services Contract to Sands Capital (May 2026)

Approved: May 27, 2026

What it covers

The Pension Plan Subcommittee voted to terminate Sands Capital as a large‑cap growth equity manager and to withdraw and reallocate all related pension assets following concerns over recent performance.

Who holds it

Sands Capital holds this financial services contract with Jackson Health System. Its other public contracts on record include work for Minnesota State Board of Investment and North Carolina Supplemental Retirement Board of Trustees | State of North Carolina.

What happens next

Term as filed: Since 2012; termination approved February 25, 2026.

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Contract details

Contract type: Financial Services
Document date: May 27, 2026
Term: Since 2012; termination approved February 25, 2026
Vendor: Sands Capital
Agency: Jackson Health System
Source document: Public Health Trust Pension Plan Subcommittee Agenda Packet 2026-05-27 (AgendaPacket)

Sands Capital's other public contracts

Minnesota State Board of Investment, MinnesotaSBI Continues Sands Capital Equity Management Engagement · Sep 10, 2026Undisclosed North Carolina Supplemental Retirement Board of Trustees | State of North Carolina, North CarolinaSands Capital Continues Managing Large Cap Growth Assets · Jan 1, 2026Undisclosed North Carolina Supplemental Retirement Board of Trustees | State of North Carolina, North CarolinaSands Capital Performance Improves in Retirement Review · Dec 4, 2025Undisclosed Pompano Beach Fire Rescue, FloridaBoard Ratifies Sands Capital Investment Fee Payment · Apr 30, 2025$31.4K North Carolina Supplemental Retirement Board of Trustees | State of North Carolina, North CarolinaSands Capital Remains on Investment Watch List · Feb 20, 2025Undisclosed All Sands Capital contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Jackson Health System?

Sands Capital was awarded this financial services contract by Jackson Health System, as recorded on May 27, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Public Health Trust Pension Plan Subcommittee Agenda Packet 2026-05-27 (AgendaPacket), dated May 27, 2026 from Jackson Health System. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sands Capital hold?

Sands Capital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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