The plan approved an infrastructure commitment with an existing manager last week.
The plan’s emerging-manager-of-managers is replacing an international equity firm due to a personnel change.
The plan received five proposals in response to an RFP issued in September.
The new semi-liquid multi-sector manager will handle a roughly $250 million mandate for the plan.
The plan hired a core infrastructure manager to move closer to its 3% infrastructure and natural resources target.
The plan chose the firm over finalist State Street Global Advisors and committed to three private equity managers this week.
The plan will consider core-plus real estate strategies after delaying a commitment over concerns with the fund’s allocation to the single-family rental home sector.
The plans initially hired the firm in 2014.
The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
The commitments were made for pacing purposes.