The plan disclosed making private equity and absolute return commitments with existing managers during the second quarter.
The plan disclosed private equity, private credit and real estate commitments at a board meeting today.
The incumbent firm was terminated after being on watch since late 2021 due to a change in the team.
The plan added a new manager of investments to its team.
The firm closed the fund with aggregate capital commitments of $5.5 billion.
The firm has named its new ceos ahead of a transition anticipated on Jan. 1.
The search follows the plan increasing its real estate target by 5% earlier this year.
He joins the firm from BlackRock as is based in West Palm Beach, Fla.
The deferred compensation plan is seeking both record keeping and custodian services.
Patrick O’Donnell joined the firm this week from BlackRock.