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The pension plan reviewed investment advisor proposals from four firms at a meeting last week.
The plans had issued an RFP for the services in the first quarter.
FIM Partners has entered into an agreement with Loomis, Sayles & Company to acquire its Global Emerging Markets Equities investment team.
The termination stems from underperformance and an asset allocation change.
The retirement systems are searching for a successor for the departing cio.
The plan will look to commit up to $400 million to a private equity fund at its board meeting later this month.
The firm made a strategic minority investment in private market secondaries manager Coller Capital as it looks to expand into private markets.
The foundation revised the joint investment policy statement for its more than $1 billion portfolio in August, lowering the target allocation ranges for domestic small-cap equity and other diversifying alternatives strategies.
Artificial intelligence investments and digital assets are driving outperformance for large university endowments, which reported fiscal year 2025 returns around 11% or 12% on average.