The plan created a maiden high-yield fixed-income allocation as part of a new target asset allocation.
The plan will also begin a search for a Standard & Poor’s 500 Index manager.
The plan will begin a domestic small-cap growth equity search in the next couple of weeks to be followed by core bond and small-cap value searches.
The executive director is leaving after more than 8 years in the position.
The plan committed to a lower middle market buyout fund this month.
The new structure results in three manager terminations.
The plan will interview finalists for its diverse private equity fund-of-funds search next month and tentatively selected a winner in its emerging markets equity search.
The commitments satisfy its 2021 pacing plan.
The plan is required to report to state legislature on measures and progress.
The search is open to investment advisors and discretionary investment managers.