The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
The plan disclosed two recent commitments totaling $900 million and named a replacement for CFO Barry Faison, who will officially retire on Dec. 31.
The plan committed roughly $300 million total to four buyout strategies last week.
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.