Searches And Hires
The plan is looking to invest $5 million each in large-cap growth and large-cap value.
The plan’s investment committee approved a real estate commitment with an existing manager last week.
The plan amended its five-year asset allocation plan to include a maiden target to tactical opportunities and approved three pacing plans in alternatives asset classes last week.
The plans are slated to discuss a potential domestic small- to mid-cap value equity manager replacement search at this week’s board meeting.
The plan will interview three domestic large-cap growth equity managers at a June 9 investment committee meeting.
The plan disclosed four private equity commitments yesterday.
The plan is seeking a firm to fill its maiden 8.5% target to core-plus fixed-income.
The plan committed $4.4 million total to an existing venture capital manager relationship last month.
The search will be for a separate account manager to handle $400 million.
The consultant will be responsible for approximately $100 million in plan assets.