Private Equity
The plan committed $60 million total to two existing managers this month.
The fund will invest in a mix of lower middle market buyout funds and co-investments.
The plan terminated an emerging market debt firm as well as an emerging markets equity relationship within its emerging manager program last month.
Deputy CIO will help oversee asset allocation to private asset classes.
The plan has begun its search for a private equity consultant due to the contract expiration of its incumbent.
Plan’s investment committee will recommend terminations of an emerging market debt and an emerging markets equity manager at next week’s board meeting.
The plan will also eliminate its long/short equity portfolio.
The plan is considering adding international value managers to complement its growth exposure.
The plan committed $130 million total to four existing managers and one new manager in June.
The team was formed earlier this month, the firm said.