Plan will take a deep dive of the international equity space for potential options after placing a EAFE value firm on watch today.
The plan terminated an underperforming manager and added three private markets commitments.
Brasa Real Estate Fund II closed with $450 million in commitments.
Plan will interview three finalists in a search to fill a $20 million allocation next month.
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.
Terminated firm had been placed on watch for performance reasons last month.
Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.
The fund will consider increasing its investment with an existing real estate manager this summer as its target to the asset class is significantly underweight.
Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.