Non-U.S. & Global Equity
The three firms will vie for a $25 million mandate next month.
The plan is looking to allocate up to $250 million to emerging managers.
The retirement fund hired a value mandate to complement its international growth equity mandate last month.
The plan will issue the RFP to evaluate the international growth equity landscape.
The board hired domestic and international all-cap equity managers last quarter.
The retirement system hired two international equity managers to replace an incumbent that had been on watch since October.
The foundation recently invested in a climate-focused public equity strategy as it looks to achieve net-zero carbon emissions in its portfolio by 2030.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The retirement fund also terminated a global equity manager-of-managers and made commitments totaling $695.6 million in October.