Plan added a $15 million private equity commitment at last week’s board meeting.
Plan is seeking a replacement for an investment officer that had joined in 2020.
Plan will interview three finalists in a search to fill a $20 million allocation next month.
Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
Firm’s strategy had underperformed the MSCI EAFE Index over the one- and three-year periods ending March 31.
African American-owned ReedsBay Investment Group is a commercial real estate firm investing in opportunities for which traditional capital is relatively limited.
Plan added up to $1.6 billion in private equity and real estate commitments and disclosed a new private equity investment officer hire.
Plan re-upped with a direct lending manager already managing funds in its portfolio.
Plan hired an Illinois-based firm to provide third-party administration services.