Louisiana Teachers’ Retirement System, Baton Rouge, is expected to approve a solicitation for proposals for a search for an active domestic large-cap value equity manager to run about $775 million at the pension fund’s board meeting on July 9, confirmed Dana Brown, director of public markets.
The search is being conducted because incumbent LSV Asset Management’s contract is expiring. LSV will be invited to rebid.
The board of the $14.7 billion pension fund also approved at its meeting on Tuesday the issuing of a solicitation for proposals for an active domestic midcap growth equity manager to run about $175 million.
Proposals are due at 4:30 p.m. CDT July 10. The SFP is available on the fund’s website. The search is being conducted because current manager Columbus Circle Investors’ contract is expiring. Columbus Circle is invited to rebid.
Separately, the pension fund rehired Artisan Partners to run about $440 million in active international growth equities. An SFP was issued in April.
Hewitt EnnisKnupp is assisting with all searches.
The pension fund also committed up to $125 million to CVC Capital Partners VI, a European buyout fund.
Hamilton Lane assisted.