The commitments include two new relationships for the plan.
The plan made private credit commitments after presentations in closed session.
The plan will receive a list of active and passive candidates next month.
The plan will conduct the search in an effort to generate higher returns.
The $27 million in assets will be used for liquidity purposes.
The plan, which last conducted a similar search in 2010, will issue the RFP later next month.
The plan is looking to invest $5 million each in large-cap growth and large-cap value.
The plan hired a new international small-cap manager following interviews that included its incumbent.
The position will oversee the plan’s portfolio analytics and operations.
The search will be for a separate account manager to handle $400 million.