Equity
The search is being conducted due to the closure of one of the retirement system’s investments.
The retirement system will also look to commit up to $250 million across private markets commitments.
The retirement system also recently made two private markets commitments.
The retirement fund also hired an emerging markets equity manager last week.
The retirement system is seeking a replacement for a recently terminated domestic equity manager.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The state pension plan also committed up to $400 million across two venture capital funds at its meeting today.
The pension plan approved asset allocation changes within its domestic equity, real estate and private markets portfolios yesterday.
The retirement system previously authorized a change to its $37 million investment with the hedge fund manager at a Feb.19 meeting.
The program will also invite its domestic mid-cap growth equity manager to present at a future board meeting with the intent of placing the firm on watch due to underperformance.