Equity
A healthcare-focused growth equity firm recently launched and has formed a strategic partnership with a private equity firm that focuses on diverse investment firms.
The new managing director of public equity will assist with investment decisions, research prospective investments and underwrite new managers.
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The plan is searching for domestic and international equity, core fixed-income and core real estate managers.
The university also made redemptions from domestic and emerging markets equity managers.
The plan will fund the hires by terminating three existing firms.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The plan will also receive an international equity manager search report next month.
The search is to potentially augment or replace existing portfolio allocations.