The plan will receive a recommendation to hire two duration specialists next week.
The search is open to primary, secondary, co-investment and direct funds.
The new finance director joins from a sister fund within the state.
The new investment officer, who replaces an outgoing officer, will begin next week.
The new strategic asset allocation increases its private equity and private credit targets.
The plan will issue RFPs within the next two months due to standard state procurement laws.
The commitments are part of a search for value-add, debt and opportunistic strategies.
The rehired its general investment consultant this month and made a $30 million distressed debt commitment to an existing manager in August.
The policy will allow staff to take advantage of time-sensitive investment opportunities.