One of three portfolio managers on the international equity team departed.
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.