The two commitments were made for pacing purposes.
The plan is considering a 5% dedicated allocation to the new asset class.
The plans are looking to consolidate retirement services to a single firm.
The retirement system will interview two growth and two value finalists next month.
The retirement board last rehired its incumbent following its last search in 2018.
The retirement system is looking to invest $15 million with a core investment grade manager.
The trust previously rehired its provider in 2019 after a similar RFP process.
The retirement system will launch the search soon for pacing purposes.
The retirement plan interviewed the firm in closed session at today’s board meeting.
The upcoming search stems from a new domestic equity structure approved today.