The firm acquired an advisory team that oversees more than $5.8 billion in client assets.
The plan expects to issue a notification of award on Sept. 11.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan made private equity commitments totaling $60 million this week.
The incumbent submitted the sole proposal in response to the authority’s RFQ.
The plan committed $911 million total to a core real estate strategy and three buyout funds yesterday.
The plan increased its floating rate debt and real estate targets to 20% each in the third quarter.
The plan committed to a new private equity manager last week.
The duo will build, grow and manage Franklin Templeton’s partnerships with both existing and prospective institutional clients.