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.
The plan retained its incumbent this week following an evaluation process.
The plan hired two firms as the result of a core-plus fixed-income search initiated in October.
The winner will take over a $361 million mandate.