Plan approved an initial $14 million commitment to fill its maiden value-add real estate allocation.
Plan will conduct a search for domestic large-cap value managers in light of organizational changes at an incumbent firm.
The plan is seeking a manager-of-managers to handle a portfolio of women- and minority-owned international equity managers.
The plan lost a 30-year veteran following his recent death.
The new firm will manage an approximately $32 million portfolio previously run by Sawgrass Asset Management.
A California pension plan has disclosed roughly $120 million in recent private equity commitments.
Plans approved alternatives commitments totaling $23 million this week.
Potential domestic small-cap core equity search would come in a decision to move away from a small-cap value manager.
Plan shifted its emerging markets equity allocation to an active manager at the end of 2020.
Plans investment committee will review three proposed alternatives commitments this week.