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.
The plan invested up to $15 million total into two diverse-owned private credit managers on Friday.
The firm had suffered from asset decline and underperformance.
Plan replaced its domestic small-cap value equity manager from a group of three candidates this week.
The plan opted to temporarily move to an index fund while a domestic equity structure study is conducted after the firm’s existing manager recently announced significant organizational changes.
Plan is seeking a domestic small- or small- to mid-cap equity manager to fill a recent gap in its emerging manager program stemming from a graduation.
The new hire will be responsible for equity research on the growth equity manager’s investment team.