International / Global / Emerging Markets
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.
The pension fund had approved minimum qualifications for the search last month.