The plan’s current emerging markets equity manager stands to lose two mandates.
An education system in the South approved commitments to a new hedge fund manager and an existing real estate firm within its endowment at its December board meeting.
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
Plan hired the private markets team at its general investment consultant to consult on its private equity and opportunistic real estate portfolios.
The transaction closed on Dec. 31.
The plan will hear presentations from existing managers’ new fund offerings.
Three core-plus real estate managers will vie for a $20 million mandate.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
The plan’s full board approved new commitments to existing private markets managers at its meeting last week.
The search is due to the plan’s underweight to the asset class.