The town is looking to consolidate its record keeping services to one firm.
The trust fund will consider active management for U.S. small-cap and international developed markets equities.
Plan decided not to fund the mandate due to the ongoing Russia-Ukraine war.
Plan is searching for emerging markets and international equity managers.
Search is open to funds-of-funds specializing in a diversified opportunistic strategy.
Plan had issued an RFP for North American buyout funds.
Two follow-on private equity commitments approved at today’s board meeting total $30 million.
The commitments include one to a first-time manager for the plan.
The plan terminated the sole manager handling its $169 million portfolio.