Equity
The plan made hires in the two searches at a Nov. 15 special board meeting.
The plan will also renew the contract of a manager currently on watch.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
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 search is due to underperformance from a current manager.
The endowment conduct in-person interviews with three finalists in its domestic large-cap growth index fund manager search at its board meeting this week.
The pension plan hired a new domestic large-cap growth equity manager and committed to an existing opportunistic real estate manager today.
The firm has launched an equity research group to further build and develop its efforts in the global sustainable energy, technology and infrastructure markets and hired a lead analyst to head the group.
The plan is seeking managers to handle $30 million.
The search will be for two managers to handle up to $483 million.