The retirement system has approximately $159 million allocated to its incumbent managers.
A total of 23 firms submitted proposals to the retirement system’s domestic large-cap core equity manager search.
The retirement system terminated its incumbent domestic small-cap core equity manager earlier this year.
The hire concludes a shortlist search that resulted from a global equity restructuring last month.
The retirement system’s cio will retire at the end of this month.
Three firms were vying for the $30 million mandate.
The plan also funded a new internally managed enhanced index fund.
The plan will discuss adding a maiden allocation to private credit.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.
The plan will also receive a domestic large-cap growth equity manager search report next week.