The pension plan expects to commence the contract on Nov. 19.
The pension plan agreed to consider replacing its domestic large-cap core equity manager due to underperformance and a recent personnel change.
The firm closed five venture capital strategies with $1.6 billion in total commitments.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The pension plan approved a credit commitment with an existing manager relationship last month.
The pension plan’s cio recently approved two real assets commitments.
The search stems from the upcoming Jan. 31 contract expiration of incumbent Empower Retirement.
The search is being conducted for best practices.
The pension plan received a recommendation to hire two infrastructure managers and disclosed two private equity commitments last month.