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.
The plan is watching a manager after two co-PMs departed and hired a new international growth equity manager.
The firm will help the plan with its cio recruitment.
The selected manager will handle a mandate between $75 million and $90 million.
The search is open to discretionary and non-discretionary models.