The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
The plan is looking to build out its 10% target to the asset class.
The plan selected a winner today following interviews with three finalists.
The plan will target three private credit funds each year for the next three years.
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.