Domestic Equity
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
The plan will begin with a mid-cap growth equity manager search in January.
Contracts of the plan’s incumbent managers are expiring.
The plan will also interview three diverse-focused private equity managers next month.
The search follows a recent portfolio manager departure from its incumbent manager.
Plan’s new domestic mid-cap value equity manager will handle a 2.5% allocation.
The plan is seeking domestic mid-cap value equity managers to handle a $25 million mandate and diverse-owned private equity managers for an up to $3 million commitment.
The plan first hired the domestic large-cap growth equity manager in 2012.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.