Searches And Hires
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.
The plan hired a new firm to provide general investment consulting services.
The terminations were approved amid the plan’s ongoing international equity manager search.
The plan was unable to invest in a previously selected manager.
The two incumbents were the only firms that submitted proposals.
The plan is looking to make a maiden private debt commitment of up to $50 million.
The plan authorized a search to replace a terminated domestic large-cap growth equity manager and will issue a private equity consultant RFQ soon.
The plan completed a domestic small- to mid-cap value equity manager search launched in the fourth quarter.