Louisiana Teachers’ Retirement System, Baton Rouge, is searching for active international small-cap equity managers to run a total of $535 million, said Dana Brown, director of public markets.
The $16.7 billion pension fund plans to post a solicitation for proposals early this week due to the pending expirations of the contracts of current managers Mondrian Investment Partners, which manages $250 million, and Dimensional Fund Advisors, which runs $285 million. Both will be invited to rebid.
The SFP will be posted on the pension fund’s website.
Separately, the pension fund committed up to $125 million to Blackstone Capital Partners VII, a private equity fund managed by Blackstone Group.
In March, the fund committed up to $125 million to Blackstone Tactical Opportunities Fund II, a private equity fund, and up to $50 million to Blackstone Real Estate Partners VIII, a global real estate fund.
The pension fund also committed up to $75 million to ICG Europe Fund VI, a European-focused midmarket fund managed by Intermediate Capital Group. It previously committed up to $75 million to ICG Europe Fund V in July 2011.
Also, the pension fund named Thompson Siegel & Walmsley, WEDGE Capital Management and Wells Capital Management as finalists in its search for an active domestic midcap value equity manager to run about $300 million.
The pension fund issued an SFP in February due to the upcoming expiration of current manager Systematic Financial Management’s contract. Systematic rebid. Finalists will make presentations at the pension fund’s board meeting on May 7-8, with a decision expected shortly thereafter.
