Private Equity
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.
The firm has also promoted three new v.p.s, two principals and a managing director.
He will drive post-acquisition value through strategic financial, accounting and human resources solutions.
She will be responsible for coordinating all investor relations and fundraising activities.
The plan disclosed a total of four commitments to two existing private equity managers.
