The plan’s current managers were first hired in 2016 following a similar RFP process.
The plan also concluded its domestic large-cap value equity manager search.
The hire follows a private debt search report conducted by the retirement system’s general investment consultant.
The plan began an invitation-only search last quarter.
The plan trimmed its fixed-income manager roster to two from three following a strategic review.
The plan’s current consultant was first hired in 2018.
The commitments include two first-time managers for the plan.
Two of the searches stem from a revised asset allocation adopted last month.
The plan will interview four finalists in its international small-cap value search.
The plan made commitments following closed session deliberations.