The hires require board approval next month and conclude an RFP process that began in March.
The plan hired its general investment consultant and selected two new active mid-cap equity managers.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
The plan has one incumbent manager that has underperformed relative to its benchmark.
The plan also made two private markets hires earlier this year.
The plan has begun an investment consultant search; last one conducted was in 2016.
The plan does not have dedicated managers to either asset class.
The plan rehired its consultant following an RFP process conducted over the summer.