Pension fund increases its illiquid growth portfolio to 41% from 32%.
The trust is seeking an inaugural investment advisor after widening allowable investments.
The manager will look to identify emerging hedge fund firms.
The plan concluded its domestic small- to mid-cap equity manager search after receiving a search report today.
The plan hired three new firms and retained two more to conclude its core fixed-income manager search.
The pension fund added an active manager to complement index fund manager RhumbLine Advisers.
The search is open to funds that invest in diverse-owned firms.
The new firm replaces a manager terminated in August due to significant leadership change.
The plan is searching for small-cap firms for a domestic equity portfolio that is entirely with large-cap managers.
The plan began searching for managers after increasing its target to the asset class.