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.
The plan is seeking a manager to handle $95 million in developed markets equities.
The plan will seek a firm to review its investment practices and administration.
The plan is searching for a co-investment manager for its private markets portfolio.
The plan has now hired two global multi-sector bond managers this year.