The plan launched a replacement search at a special board meeting today.
The hire follows a global equity structure review emphasizing alpha generation.
The plan initiated both searches earlier this year for pacing purposes.
The plan also made an infrastructure commitment at a board meeting today.
The plan committed to private equity and private debt for pacing purposes.
The plan hired two managers after interviewing a total of four finalists last month.
The search will have a focus on the large-cap market segment.
The plan will consider first-time investments in private equity and private credit strategies.
The plan rehired Voya Financial as its record keeper following an RFP process initiated in February.
The plan will hire one additional firm in its multi-credit asset class search.