International / Global / Emerging Markets
The plan will interview four finalists in its international small-cap value search.
The foundation added private equity, private credit and international developed markets equity strategies to its portfolio in the second half of 2023.
The institution added a global equity manager to its watchlist due to organizational changes and made an infrastructure commitment as part of its pacing plan last year.
The searches are for international small-cap equity, emerging markets equity, real estate, private equity and private debt managers.
The commitment is part of the plan’s new portfolio structure, which introduced a 5%, or roughly $500 million, private debt target allocation in November.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The manager was placed on watch last year for underperformance.
The retirement system terminated an international value equity manager, which has been on watch, at a recent board meeting.
The pension plan will consider potentially replacing its international small-cap core equity manager due to underperformance.
The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.