Non-U.S. & Global Equity
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The search follows the plan’s termination of an incumbent manager at yesterday’s board meeting.
The plan is seeking firms to handle a roughly $72 million allocation.
The plan has narrowed a search to nine international small-cap managers for interviews with staff and its consultant.
The plan completed a search for global growth equity managers today following finalist interviews held last month.
The plan expects to hear presentations from six private equity firms next month as part of a search initiated in April.
The plan will interview two global equity finalists later this month and has welcomed back a former staffer as its new deputy cio.
The plan is seeking regional and country-specific international equity managers.