The search follows the plan’s approval of a one-year agreement with incumbent Innovest Portfolio Solutions.
The new manager will complement the plan’s existing emerging markets core equity mandate with Wellington Management Company.
Plan introduced private credit and private infrastructure target allocations and hired a domestic mid-cap value equity manager to replace its existing mandate with Wellington Management Company this week.
Plan committed $100 million total to a new credit manager and an existing real estate manager yesterday.
Plan is seeking one to three global ex-U.S. equity managers and agreed to restructure its opportunistic and alternative fixed-income portfolios this month.
The deputy director will leave the plan after 11 years.
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.
Plan made asset allocation changes in an effort to move closer to its long-term policy and disclosed four commitments today.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
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