Large-Cap
The pacing plan calls for a total of $58 million to private debt and private equity over the next two years.
The plan agreed to conduct two domestic equity manager searches to potentially replace existing mandates with the same firm.
The plan approved the search at a board meeting last month.
A university based in New England approved new allocation targets for two of its portfolios.
The plan made a change in domestic core bond managers due to underperformance from its incumbent.
The new manager will be partially funded by reducing the portfolio of the plan’s incumbent large-cap core manager.
The plan’s incumbent manager is currently on watch for performance reasons.
The plan will interview three firms in its search for large-cap growth and value managers in April.
The plan hired a replacement for its incumbent domestic large-cap growth equity manager last month.
The plan hired an international growth equity manager and committed to two existing private equity managers last month.
