The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The plan will commit an additional $60 million to private markets this year.
The plan will commit to private credit managers this year for pacing purposes.
The plan made a commitment today as part of its pacing plan for the asset class.
The plan rehired its current consultant after a similar RFP process in 2019.
The pension plan also disclosed more than $500 million in private equity commitments.
The plan’s investment consultant recommended hiring specialized managers for its non-U.S. equity portfolio.
The plan last conducted a similar search in 2021.
The authority’s investment portfolio is currently held in money market funds and various U.S. securities.
The plan also made two private markets commitments last month.