Small- to Mid-Cap
The foundation replaced a domestic small- to mid-cap equity manager after it had underperformed its benchmark since inception and added three private markets commitments in the first half of 2026.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The plan was scheduled to consider RFPs for international and domestic small- to mid-cap growth equities this month.
The proceeds will fund a new mandate from July.
The retirement fund placed domestic small- to mid-cap value and international small-cap equity managers on watch last month.
The retirement fund replaced its small-cap value and small- to mid-cap growth mandates with a pair of core managers last month.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The plan also hired two credit managers in the fourth quarter.
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
