Byles Williams founded Xponance, a Black woman-owned investment firm, which offers direct active and passive equity, fixed-income and alternative investments as well as multi-manager strategies focused on emerging and diverse managers.
The plan completed a domestic small- to mid-cap value equity manager search launched in the fourth quarter.
The city hired two equity managers and three private markets firms.
Plan has issued RFPs for minority-, women- or disabled-owned core bond and short-duration bond managers.
The firm will pay $215 million to settle a gender discrimination class action lawsuit before it was set to go to trial on June 7.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The firm has $40.4 billion of $1.4 trillion in client assets invested with diverse managers.
The plan made private equity and real estate commitments with two new managers and five existing managers in March.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The plan added $15 million in follow-on commitments across two funds in March.