Plan will seek one core firm and one core-plus bond manager to split a proposed long-term target of 24% to the overall asset class.
Three new commitments totaled up to $115 million for the plan.
Plan added $101 million in private equity commitments last week.
Plan is searching for direct lending strategies to handle $20 million.
Search is due to plan’s rotating schedule for bidding out vendor services.
Plan terminated one of two MLP managers to fund a recent real asset commitment.
Plan added two new fixed-income managers in a revamped global bond portfolio at this week’s meeting.
New $4 million commitment was made to a new manager in February.
Search is for services for up to three 457 plans.
Plan added a pair of direct lending commitments totaling $250 million and a $76.4 million European real estate commitment.