International / Global / Emerging Markets
The plan moved to an ACWI ex-U.S. manager from an EAFE manager at its board meeting this month.
The pacing plan calls for a total of $58 million to private debt and private equity over the next two years.
The plan made a hire this week following finalist interviews held over the last two months.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
Plan continues working toward executing a transition of assets away from the state fund.
The plan is seeking both active and passive managers to handle up to $10 million.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.
The plan also concluded its real estate and passive manager searches.
