A Texas pension plan approved a search for a second emerging markets equity manager at this week’s board meeting.

Plan intends to launch a search for emerging markets and international small-cap equity managers to handle allocations of up to 8% each.

A plan in the Midwest has launched a search for transition management services.

Despite growth stocks grabbing the headlines during the market surge following the early days of the COVID-19 pandemic, fundamental value managers began to see more interest in the fourth quarter as the market started to shift.

Plan’s general investment consultant will schedule interviews with four private equity managers at a future meeting as part of a plan to reach its target to the asset class.

The plan made a $25 million commitment following a private equity discussion with its general investment consultant at its meeting this week.