The retirement fund is conducting the search due to underperformance from its incumbent domestic large-cap value equity manager.
The pension plan has been with its current consultant for over 10 years.
Troy Brown is a managing director at Mariner Institutional, where he is responsible for ensuring department functions, directives, structure, staff, and policies and procedures. He took the time to answer 5 Questions, plus a bonus one, with FIN News.
The plan made four private equity commitments with existing managers this week.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The plan will commit an additional $60 million to private markets this year.
The plan will commit to private credit managers this year for pacing purposes.
The plan made a commitment today as part of its pacing plan for the asset class.
The plan rehired its current consultant after a similar RFP process in 2019.
The pension plan also disclosed more than $500 million in private equity commitments.