Searches And Hires
The retirement system added $150 million to an existing relationship this month.
The authority concluded an RFP process that began in August.
The private credit manager is looking to raise $1.25 billion.
The retirement system terminated a domestic small-cap growth equity manager last month for performance reasons.
Three total firms submitted proposals to an RFP process that began in August.
The plan will also interview a finalist in its domestic large-cap core equity manager search next month.
The plan is seeking firms providing long-only convertible bond products and will consider U.S. and global strategies.
The plan issued an RFP in June “as part of its fiduciary responsibility.”
The plan also eliminated its global equity and emerging market debt targets.
The retirement system is seeking active global all-cap, large-cap, mid-cap and small-cap equity managers.