The firm is reportedly exploring a sale, a topic discussed by one client at an investment committee meeting today.
The retirement plan approved a private equity search to review the market for complementary funds to its existing lineup.
The retirement fund will interview four funds in its private debt manager search tomorrow.
The plan’s investment committee approved new emerging market debt and private equity investments today.
The potential search follows the termination of its incumbent active manager last month due to performance concerns.
The fund concluded a recent RFP with three private equity commitments totaling $50 million.
Plan staff intends to bring minimum qualifications in its domestic small-cap value equity manager search to the board next month.
The cio departs after holding the role for roughly five years and 10 years overall at the state treasury office.
The retirement fund elected to retain its incumbent following finalist interviews that included three other firms.
The fund closed with $400 million in capital commitments.