The fund invests in new firms led by experienced private equity investors.
The fund was oversubscribed and closed at its hard cap.
The plan approved two private equity commitments at its board meeting last week.
The plan committed $60 million across three funds at its board meeting today.
The firm was terminated due to the plan’s overweight to international non-large-cap securities.
The plan hired two managers at its board meeting earlier this month.
The plan was set to vote on its final contract extension with its incumbent consultant this month.
The position will have oversight for external manager relationships.
The plan invested $500 million each with two core fixed-income managers at today’s board meeting.
Kathryn Leaf will move into the position in 2025, succeeding Managing Partner Paul Ward.