Equity
A total of up to $1.5 billion is expected to be awarded in the search.
The plan rehired its incumbent after interviewing four total firms today.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.
The plan terminated its active international value equity manager in December due to underperformance.
The plan agreed to conduct two domestic equity manager searches to potentially replace existing mandates with the same firm.
The institution is seeking investors with experience investing in smaller listed companies in the U.K. and Europe as it finds the opportunity set interesting.
The plan may hire two direct lending managers next month.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year