International / Global / Emerging Markets
The retirement system will also consider several changes to its public equity and real estate portfolios this week.
The plan tapped public market credit consultant Mercer earlier this year to conduct the searches.
The plan has issued RFPs for an international small-cap equity manager and a general investment consultant.
The retirement system collared two international equity managers after interviewing four finalists last month.
The retirement system is seeking three non-U.S. equity managers to handle a total of $25 million.
The retirement fund is seeking both minority-, women- and disabled-owned commingled fund managers and Africa-focused buyout, growth or special situations managers.
The retirement system also made a value-add real estate commitment last week.
The retirement system issued RFPs to comply with state procurement regulations.
The plan terminated a $315 million international small-cap equity mandate due to long-term underperformance.
The plan also terminated an international small-cap equity manager for performance reasons.