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The pension plan approved an up to $75 million commitment to an early-stage venture capital strategy.
The retirement system will discuss a passive approach for its large-cap core mandate.
The plan disclosed private equity, private credit and real estate commitments at a board meeting today.
The incumbent firm was terminated after being on watch since late 2021 due to a change in the team.
The plan will interview two global equity finalists later this month and has welcomed back a former staffer as its new deputy cio.
The discretionary advisor recently hired the co-head of investment operations at a large investment manager to serve as its coo and oversee its daily operations.
The university has committed to avoid direct investments in fossil fuel companies and will not seek out or renew private funds investing in fossil fuels after previously rejecting fossil fuel divestment in 2016.
The university established new investment lineups with new and existing managers for its 457(b) and 403(b) plans following a review from its general investment consultant and a retirement advisory committee.
The Santa Monica, Calif.-based outsourced cio firm is overweight on asset classes that capitalize on a strong U.S. economy buoyed by strong economic and consumer activity.
The firm recently added a new member to its business development team to support its deal origination efforts and focus on building relationships with corporate sellers.