Louisiana Teachers' Retirement System, Baton Rouge, is searching for an active domestic small-cap value equity manager to run about $370 million, confirmed Dana Brown, director of public markets.
The $14.1 billion pension fund has issued a solicitation for proposals because of the pending contract expiration of current manager Fiduciary Management Associates, which is invited to rebid. Mr. Brown could not provide an exact expiration date.
The SFP is available from the system's website. Proposals are due at 4:30 p.m. CST on March 7. A timetable for a decision has yet to be determined.
Investment consultant Hewitt EnnisKnupp is assisting.
Separately, the pension fund committed up to $75 million to Blackstone Real Estate Debt Strategies II and up to $50 million to Insight Venture Partners VIII.