Plan added $50 million across two new venture capital commitments with a China-based fund manager.
The firm will manage a 5% allocation to emerging markets that will be funded from hedge fund-of-funds and managed futures.
Plan will discuss a draft RFP for developed markets equity managers at this week’s board meeting.
Plan made a change in emerging market debt managers in the second quarter.
Plan will seek real estate managers in the coming months and has scheduled emerging markets small-cap equity finalist interviews for August.
The two private equity commitments were made for pacing purposes.
The plan will issue an RFP for a general investment consultant.
The search is for active and passive international equity managers.
He will help drive the firm’s Asia Pacific and global growth strategy.
The plan concluded an international large-cap growth equity manager search and approved a fiscal year 2022 real estate pacing plan.