Searches And Hires
The plan disclosed recent commitments from both the public and private markets.
The fund added a private credit manager as part of the buildout of the asset class over the last 18 months as well as a private equity secondaries fund focused on distressed assets.
The plan made commitments with two existing managers.
The plan expects to commit to buyouts and special situations funds for the next three years.
The plan conducted similar searches in 2019 and 2013.
The plan agreed to redistribute its dedicated emerging markets equity allocation to developed markets equity, private equity, private credit and commodities this week.
The pension plan hired a firm to complement its existing fixed-income managers and rehired its general investment consultant yesterday.
Plan agreed to hire one of three core bond finalists to present at this week’s board meeting.
The plan is seeking passive large-cap equity providers and is also interested in firms with passive small-cap offerings.
The plan is seeking international core, growth and value equity managers to handle roughly $600 million.