Emerging/Diverse Managers
The retirement system’s general investment consultant will return to next month’s board meeting with an international small-cap equity search.
The plan will target $110 million to core managers and $60 million to non-core emerging real estate managers.
The institution was named as having the “Best Emerging Manager Program” based on an a survey of institutional clients of a global fintech platform, beating out large and prominent public pension plans and endowments.
The plan added $90 million across two commitments in the second quarter.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The bill will help ensure colleges and universities are providing opportunities to women and minority asset managers by mandating transparency and standardizing data collection.
The program is looking to incorporate ESG and DEI language into its investment policy statement in the third quarter to improve representation of underrepresented communities in fund management and the underlying funds within its portfolio.
The newly launched venture fund will allocate its returns to partner HBCUs.
A West Coast impact fund- of- funds has raised nearly $170 million for its Fund II.
Byles Williams founded Xponance, a Black woman-owned investment firm, which offers direct active and passive equity, fixed-income and alternative investments as well as multi-manager strategies focused on emerging and diverse managers.
