Newly released materials show a replacement search recommended by its consultant.
The plan committed a total of $175 million to two funds and hired an unnamed domestic equity manager at its meeting last week.
The plan hired two emerging markets equity managers and approved three private markets fund commitments.
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
The plan will use active management in the large-cap value space.
The plans rehired the consultant, which was the only bidder to an RFP issued this summer due to its contract expiration.
The investments are the plan’s first in the private credit space.
The plan rehired one incumbent equity manager and moved another manager’s mandate to a passive portfolio.
The plan hired a new manager after rescinding the selection of its first-choice last month.
The town is searching for its first ever investment consultant on behalf of two defined contribution plans.