Large-Cap
The plan first hired the domestic large-cap growth equity manager in 2012.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan moved its domestic large-cap value equity mandate with a newly established manager.
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.
The plan concluded its ESG-focused manager search in the second quarter.
Plan will look to increase a direct lending fund-of-one commitment to $500 million from $300 million this week.
The plan will issue an investment consultant RFP in the coming months due to upcoming contract expirations and recently made two private equity commitments.
The plan hired an active domestic large-cap core equity manager at today’s meeting as it has been eyeing a return to active management in the space.
The plan recently placed an international large-cap equity manager on watch due to underperformance and made $80 million in total private equity commitments.
The firm had been on watch since August 2021 due to underperformance.
