The foundation added impact private equity and emerging markets equity strategies with new managers within its endowment in the first half of 2023.
The restructuring resulted in the termination of two active managers.
The plan launched a search to replace its incumbent in July due to organizational changes as well as underperformance.
The plan is searching for managers to handle more than $850 million.
The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
The plan has current managers in the two asset classes.
The firm has launched three actively managed, equity mutual funds focused on generating competitive investment returns through responsible investing.
The plan will fund the new active manager from its index allocation.
The incumbent firm was terminated after being on watch since late 2021 due to a change in the team.
The plan will interview two global equity finalists later this month and has welcomed back a former staffer as its new deputy cio.