Non-U.S. & Global Equity
The plan completed a search for global growth equity managers today following finalist interviews held last month.
The plan expects to hear presentations from six private equity firms next month as part of a search initiated in April.
The plan will interview two global equity finalists later this month and has welcomed back a former staffer as its new deputy cio.
The plan is seeking regional and country-specific international equity managers.
The Lone Star State retirement fund terminated one equity manager and placed another two on watch this week.
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.
The new manager joins two global equity managers that were hired last year.
The plan disclosed recent commitments from both the public and private markets.
