Emerging/Diverse Managers
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
The plan will conduct a detailed review of its emerging markets equity portfolio that will include small-cap candidates next month.
A plan based in Chicago hired a diverse-owned fixed-income manager at the beginning of the month following a search.
Plan concluded recent private equity and private debt searches with a pair of commitments to each asset class.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan added a second firm to its emerging manager program and continued to build out its private credit portfolio.
Plans are seeking an international core equity manager to replace an incumbent terminated at last week’s meetings.
An updated study from the Knight Foundation shows assets managed by women- and minority-owned firms remains virtually the same as 10 years ago despite no difference in performance.
The plan will look to commit up to $525 million to private equity and up to $600 million to real assets in 2022.
The board approved an initial allocation of $1 billion to emerging managers across multi-asset classes.
