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.
The trust hired a new general investment consultant at its board meeting yesterday.
The plan is considering rehiring its general investment consultant and selecting a new consultant for its real estate and real assets portfolios.