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8 matching signals · showing 1–8
The Committee approved reallocating the terminated TRP Account proceeds: the first $200M to index funds ($150M BlackRock Russell 3000 Index Fund, $50M BlackRock MSCI ACWI ex US Index Fund) pending Orbis US documentation; ~60% of the remaining proceeds into a new NTI Russell 1000 Growth separate account; and the balance into an MSCI ACWI ex US mirror later moved into the BlackRock MSCI ACWI ex US index fund account.
The Committee voted unanimously to hire Northern Trust Investments Inc. (NTI) to liquidate the terminated T. Rowe Price Global Growth account and, from the proceeds, to fund a new NTI separate account mirroring the Russell 1000 Growth Index (~60% of remaining proceeds after the first $200M tranche) plus an NTI-managed MSCI ACWI ex US mirror sleeve, subject to legal review.
The DPERS Investment Committee voted unanimously to terminate the T. Rowe Price Global Growth account (the TRP Account) and to hire Northern Trust Investments Inc. to liquidate it.
The April 14, 2026 minutes record that Orbis US documentation was approved at the March 17, 2026 Committee meeting; the first $200M of TRP Account proceeds are to be invested pending completion of that Orbis US documentation. (March 17, 2026 minutes PDF was not machine-readable this run; hire is captured from the April 14, 2026 minutes' verbatim reference.)
The Committee voted to increase its investments by acquiring limited partnership interests in two existing partnerships' secondary offerings, with a combined purchase price between $2M and $32.7M, subject to legal review. Partnerships were not named in the public minutes.
The Committee approved an amendment to the Limited Partnership Agreement for Meritech Capital Partners IV (an existing venture/growth partnership), under its authority to execute partnership documents, subject to legal review.
The Committee voted unanimously to consent to a Side Letter to the Agreement for the GQG Global Equity account, subject to legal review (contract administration for an existing manager).
Allocated $250M to Lingotto Global Equity; trimmed Baillie Gifford and T. Rowe Price.