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The plan terminated a $475 million emerging markets value equity mandate in May and approved private markets commitments totaling $170 million in June.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
U.S. public pension plans emerged from the global financial crisis battered, but better-prepared to weather future crises, according to a new report.
The global private markets head’s responsibilities have been assumed by other team members.
The firm hired a managing director and deputy portfolio manager to help build and lead the firm’s investment capabilities in structured credit.
The plan added commitments to a credit fund and a private equity fund this summer.
Plan will continue an ongoing review of potential alternative consulting options at next week’s board meeting.
The plan moved its domestic large-cap value equity mandate with a newly established manager.
The commitments to private equity and private debt total $146 million.
He will work to deepen CIFC’s relationships with clients and lead capital formation efforts.