The plan approved new private credit, private equity and real estate commitments at its board meeting yesterday.
The plans’ joint committee agreed to stay with Callan as general investment consultant after interviewing two other finalists in November.
The firm added multiple members of the Spring Bridge Partners team, including its two founders.
Larry Johansen has announced his impending retirement after more than 12 years with the plan.
The plan welcomes back Terrill Sanchez, who previously spent over two decades with the plan, as its interim executive director.
The plan is seeking a firm to provide retirement and investment consulting services for its various retirement plans.
The plan’s consultant will present alternatives to its incumbent domestic large-cap growth equity manager, which has seen underperformance.
The plan has launched a search seeking investment consulting services after hiring a new consultant in a similar search done in 2017.
The plan was slated to hire a new investment manager at a meeting earlier this month.
The plan, which launched a search at the request of its investment committee in the third quarter, has chosen a new advisor to oversee its assets.