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.
The executive director is resigning for personal reasons after five years in the position.
The plan swapped domestic small-cap core equity managers last month following a search by its investment consultant last year.
The plan is seeking a firm to handle a $15 million mandate and provide uncorrelated returns to both equity and fixed-income markets.
The plan fully redeemed a market-neutral investment and will consider an international small-cap value equity manager hire.
The firm is being monitored due to performance and recent personnel turnover.