Emerging/Diverse Managers
The organization requested data from leading nonprofit hospital corporations in the U.S. on how they utilize Black and other minority or women asset managers to handle their assets, which total nearly $300 billion.
The plan is tentatively scheduled to search for active management in emerging market debt and emerging markets equity next year.
The plan also added two EAFE equity sub-managers to its emerging manager-of-managers portfolio.
The retirement fund is seeking multiple managers to handle approximately $350 million in assets.
The foundation is aiming to allocate at least 5% of its portfolio to emerging managers, while also looking to add climate-solution investments as it looks achieve a net-zero endowment by 2030.
The plan is seeking a firm to handle a $20 million mandate.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The firm has hired a managing director to oversee its DEI investment portfolio and HBCU investment strategy.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The firm has revised its due diligence questions around sustainability and diversity, equity and inclusion.