The plan terminated an underperforming manager and added three private markets commitments.
Two firms will vie for a new private credit mandate.
Plan will interview three firms at a future board meeting.
The plan will interview two finalists in July.
The plan will interview three co-investment finalists next month for an up to $10 million mandate.
Plan will issue the RFP next month on its general investment consultant’s website.
Terminated firm had been placed on watch for performance reasons last month.
The plan is allowed to invest up to 7.5% of total assets into the new asset class.
Commitments to two existing managers totaled $80 million.
Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch