Non-U.S. & Global Equity
The plan disclosed two recent commitments totaling $900 million and named a replacement for CFO Barry Faison, who will officially retire on Dec. 31.
Plan will look to increase a direct lending fund-of-one commitment to $500 million from $300 million this week.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
Plan hired an international value mandate to fill replace a manager terminated at the end of 2021.
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 plans terminated an international value equity manager, which had been on watch, and hired a record keeper and custodian last week.
The pilot program is expected to launch in mid-October and implementation is slated for January.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
Head will oversee the firm’s global equity, emerging markets, Chinese equity and Asia-Pacific equity teams.
The plan first hired Highclere International Investors in 2019.