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.
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.