International / Global / Emerging Markets
The plan will also target more $720 million to alternative funds in 2023.
The plan will seek board approval to terminate a high-yield fixed-income manager and an emerging markets equity manager.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
The plan will begin with a mid-cap growth equity manager search in January.
The plan expects to make a decision on hiring an emerging markets value equity manager at a future meeting following finalist presentations conducted this week.
The private credit fund focuses on asset-backed investments.
A college savings plan based in a Southern state has hired an equity manager within its portfolio.
The plan terminated an EAFE value equity manager that had been placed on watch in June for underperformance.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan disclosed an additional investment and two terminations at Friday’s meeting and recently saw the departure of its deputy cio.
