The plan has enlisted executive recruiting firm EFL Associates to assist with its search for a new cio.
The plan is considering specialty managers to handle $600 million for its evolving public markets portfolios.
The plan concluded its search for core fixed-income and TIPS managers.
The plan rehired its outsourced cio, which will target additional real estate and private equity investments this year.
The plan last conducted a consultant search in 2018 that resulted in rehiring its incumbent.
The new allocation range equates to $2.7 billion to $3.3 billion to private equity this year.
The plan approved a new $250 million mandate with a REIT manager and announced investment staff promotions.
The plan may hire one or more managers to handle its $1.6 billion domestic core fixed-income portfolio.
Federal prosecutors have been investigating the financial transactions of the D.C. Retirement Board, which manages the city’s $10 billion pension fund for retired teachers, police officers and firefighters.
The plan is looking to hire open-ended private infrastructure and real estate funds to replace existing mutual fund investments.