The pacing plan will commit a total of $825 million to real assets and private equity strategies.
The plan hopes to receive additional response to a new RFP.
The plan is conducting the search due to the April 2023 contract expiration of its incumbent, which was rehired in 2018, 2013 and 2008 following similar searches.
The plan concluded a search that began in October due to underperformance and personnel changes at its incumbent.
The plan’s incumbent manager will be interviewed along with three other finalists.
The plan’s incumbent manager is on watch for leadership changes and performance concerns.
The commitments, which span real estate credit and private equity, include two new relationships.
The trust’s incumbent U.S. small-cap growth equity manager ceased operations.
The plan has begun its searches for a stable value fund manager and a record keeper.
He will help deepen the firm’s relationships with public pension plans.
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