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The plan made the commitment alongside approving a 3% target to the asset class at today’s board meeting.
The plan will look for a replacement global growth equity manager after terminating its incumbent this week.
The search comes as the plan’s previous executive director has since taken a position at a law firm.
The plan fully redeemed a market-neutral investment and will consider an international small-cap value equity manager hire.
The plan committed $911 million total to a core real estate strategy and three buyout funds yesterday.
The firm is being monitored due to performance and recent personnel turnover.
The trust hired a new general investment consultant at its board meeting yesterday.
Institutions are not as pessimistic about future economic performance as they were last year and their sentiments have shifted to cautious optimism, according to a recent survey.
The hospital system is seeking an investment manager to join its team and help source new firms, participate in investment decision-making, develop investment strategy and monitor portfolio performance.
The hospital is seeking an investment associate to manage its private real assets and private equity investments with a focus on venture capital.