Non-U.S. & Global Equity
Plan will work with its private markets consultant to build out large buyout private equity and non-core infrastructure components within its investment portfolio.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The RFP was slated to be issued to comply with standard state procurement laws.
The retirement system made a change in emerging markets equity managers in May.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The university is closing on its goal of allocating 2.5% of its endowment to climate solution investments after creating the target in 2022 as part of broader goals to achieve a net-zero carbon emissions endowment.
The retirement system has terminated a global equity manager that it first hired in 2014.
