The plan committed $25 million to a new non-core real estate manager and approved a fiscal 2023 private markets pacing plan this month.
The plan recently made commitments with nine existing managers and one new manager.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.
The plan authorized staff to issue the RFP in November and committed to an existing buyout manager at yesterday’s board meeting.
The plan will issue an investment consultant RFP in the coming months due to upcoming contract expirations and recently made two private equity commitments.
The plan committed $11 million across four private equity managers as part of the implementation of the asset class.
The plan hired an existing manager to temporarily handle a roughly $70 million allocation and announced the promotion of an investment officer at a meeting yesterday.
The plan committed $12 million total to its new private equity and private credit asset classes.
The plan recently placed an international large-cap equity manager on watch due to underperformance and made $80 million in total private equity commitments.
The plans terminated an international value equity manager, which had been on watch, and hired a record keeper and custodian last week.