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The asset class will represent a new investment for the plan.
The plan discussed three commitments last quarter totaling $75 million.
The plan is seeking a firm to provide the services for its $10 million in assets.
The plan’s current state investment officer is retiring after almost nine years in the role.
The university rehired its incumbent operating funds manager after issuing an RFP at the beginning of the year.
New equity portfolio structure both increases the domestic large-cap allocation and shifts it totally to passive investment.
The strategic plan calls for committing $300 million to the asset class.
The plan approved an RFP seeking value-add real estate managers to handle $7 million.
Dana Hildebrandt has joined as head of the firm’s consultant relations efforts in North America.
Decision follows a partial acquisition of the incumbent firm that has left its equity team with $800 million in assets under management.