The plan made a $5 million commitment to Capital Dynamics’ Global Secondaries VI.
The global equity manager has hired a new managing director to head up consultant relations efforts.
The plan has not conducted a search since it hired its incumbent consultant 20 years ago.
The plan approved eliminating its global asset allocation target and folding a China equity target into its broader emerging markets equity allocation at its board meeting today.
The international value manager has underperformed its benchmark, prompting discussions of a replacement search for two Florida city plans.
The plan committed a total of $15 million to three secondaries funds at its April board meeting.
The plan approved a new 3% target to infrastructure following an education from its general investment consultant.
The plan will review allocation options in June after receiving educations at its board meeting yesterday.
The plan will look to identify potential diversification opportunities outside core real estate to increase its expected return.
Plan’s first non-core real estate commitment came at a special meeting on Monday.