Emerging/Diverse Managers
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan is looking to invest up to $450 million with qualified managers.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
A total of six new sub-mandates were funded.
The decision comes after the plan had initially decided to go ahead with a search for emerging managers-of-managers last month.
The retirement fund disclosed commitments totaling $4.5 billion in September.
The firm was part of the plan’s local emerging manager composite.
The retirement system will conduct a full search for emerging managers-of-managers after reviewing a consultant presentation on available options at today’s meeting.
The plan hired an emerging manager consultant this summer.
The retiree health care trust is searching for diverse index fund providers.