Plan is conducting the search to fill a 3% target to the asset class.
The plan also upped its infrastructure target as part of asset allocation changes approved last quarter.
The proposed portfolio structure would result in searches for core, credit, U.S. Treasury, emerging market debt, securitized products and bank loans.
The plan is seeking global and international small-cap and small- to mid-cap equity managers after approving the RFP last week.
Pension plan expects to review approving a search for international small-cap equity managers next month.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The plan hired a manager to implement its maiden 3% target to private debt as part of a new asset allocation policy in March.
Plan re-upped with another commitment to an existing real estate manager.
The plan expects to conclude the search process in the third quarter.
The plan expects to issue the RFP later this month and make a selection in the third quarter.
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