The new chief financial operating officer will join the plan on Aug. 22.
The plan has replaced emerging markets equity manager Newton Investment Management, which it had been monitoring.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
The plan last committed to Vision Ridge Partners in 2021.
The plan will hire multi-asset credit managers as part of the new structure and commit $170 million total to real estate in fiscal year 2023.
The plan committed $25 million to a buyout strategy last month.
The new manager will complement the plan’s existing core real estate mandate with Invesco.
The plan’s board committed $50 million total to a new private equity manager and was notified of a $30 million co-investment yesterday.
The plan first decided to switch to an outsourced cio model in 2020.
The plan added three private credit commitments to move closer to its 6% target allocation.