New policy increases the plan’s targets to private assets.
Plan made a real estate debt commitment and increased its existing core real estate investment with an existing manager this week.
Plan selected Siguler Guff & Company over Brooke Private Equity Advisors yesterday.
Plan previously rehired Callan as its general investment consultant in 2017.
The plan is conducting the search in anticipation of its incumbent’s contract expiration.
Plan reallocated its $2.7 million international small- to mid-cap growth equity investment to an existing MSCI ACWI ex-U.S. Index fund.
Vestwell will help finalize the program’s design.
Selected international large-cap growth equity manager will handle between $1 billion and $2 billion and the U.S. REIT manager will manage between $100 million and $200 million.
Plan has not fully executed an RFP for the services since 2010.
Global value hire will replace the plan’s existing passive global core equity mandate with Northern Trust Asset Management.