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Plan will replace a recently terminated core real estate manager.
The plan added a European private equity commitment last week.
The pacing plan will target a total of $80 million to the asset class.
The plan is seeking a firm to provide bundled provider services.
The firm has added a private equity veteran to its roster.
The plan disclosed $668 million in total commitments with one new manager and twelve existing managers in the fiscal second quarter.
He joined the firm’s board of directors last week after retiring from the Minnesota State Board of Investment in 2022.
The fund approved terminating a domestic large-cap growth equity manager due to underperformance and reinvesting the proceeds with an existing passive equity manager relationship late last year.
The plan added a balanced fund manager within its advisor and direct plans to its watchlist due to underperformance.
Bernhardt has served as the Portland, Ore.-based college’s first-ever cio since 2019. He took the time to answer 5 questions with FIN News.