Searches And Hires
The plans increased their private equity targets after receiving an asset allocation study in October.
The plan eliminated a 5% target to emerging market debt and redistributed it amongst existing asset classes.
Plans added a re-up commitment to a private equity firm and a new commitment with a real estate firm this week.
The plan’s incumbent manager will see its contract expire this year.
The plan made a change in domestic core bond managers due to underperformance from its incumbent.
The plan disclosed various private credit and private equity commitments at today’s board meeting.
The plan hired three firms, including a first-time manager.
The plan committed $120 million total to two existing manager relationships this week.
The plan’s incumbent manager was recently placed on watch for underperformance.
The plan terminated an approximately $182 million long-only alpha mandate and made commitments to three existing and one new manager relationship in January.