Alternatives
The plan also terminated two underperforming domestic equity managers.
The retirement system is conducting the search for pacing purposes.
The pension fund approved the search at last week’s board meeting.
The retirement system also disclosed several private markets commitments.
The plan will interview five firms in its middle market buyout search.
The pension plan’s deputy cio will also retire next month after a decade in the role.
The search comes in conjunction with a manager redemption request approved this week.
The institution added new developed markets, emerging markets equity and hedge fund strategies within its investment portfolio during the first quarter following several redemptions from existing managers.
The retirement system opted to retain its general investment consultant at a board meeting last week.
The foundation recently committed $4 million to a value-add real assets manager investing in climate-resilient U.S. farmland and timberland.
