Real Assets
The pair of commitments are subject to approval from the full board later this month.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
The pension plan’s cio recently approved three commitments totaling $350 million.
The plans previously agreed to move their active domestic large-cap growth equity asset class to a passive mandate in December.
The search will not include the plan’s two incumbent firms.
The pension plan first issued an RFP seeking one or two separate account managers to establish emerging manager programs for real assets and real estate in January 2023.
Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.
The deferred compensation plan terminated its TIPS manager following a diversified inflation strategies search report in November.