The plan last conducted a similar search in 2017.
The plan is looking for flexible and tactical strategies.
Plan added three value-add commitments with existing manager relationships.
Maiden Russell 1000 Value Index Manager will handle $20 million on behalf of the plan.
The search follows approval of a new asset allocation that includes a maiden 5% target to private debt.
The plan concluded a global equity search conducted in the fourth quarter.
Plan is targeting direct lending strategies and will award up to $600 million per mandate.
The previous executive director has retired after serving more than 18 years
The search is being conducted to comply with standard state procurement laws.
The new hire will be responsible for the plan’s fixed-income and credit asset class.