The plan’s private markets consultant will present a private debt portfolio update this week.
The plan began a core real estate search for diversification purposes.
The plan will interview three government/credit bond managers next month.
The plan named a dedicated investment officer for its emerging manager program.
The manager has trailed its benchmark for two consecutive quarters.
The plan may hire two direct lending managers next month.
The selection will conclude a core-plus fixed-income search for a replacement manager.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The latest commitment will be the plan’s fifth overall investment with the firm.
The authority is conducting the search as it looks to optimize its conversative investment portfolio.