The plan’s investment consultant is recommending swapping for higher conviction managers.
The plan is seeking managers to handle a total of $5.9 billion.
The plan also made two private markets commitments today.
The consulting firm is conducting the search on behalf of a public fund client.
The plan’s search follows two private markets investment officer hires last quarter.
The authority last conducted a similar search in 2020.
The plan has four incumbent managers in the two asset classes.
The plan began searches for active domestic large-cap, small- to mid-cap and small-cap equity managers in February.
The plan also terminated three managers last week.
The plan is seeking separate account managers that can offer exposure to multiple credit asset classes.