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The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The retirement plan replaced an existing manager due to performance reasons.
The investment consulting firm promoted one of its investment analysts to consultant.
The pension plan will review its upcoming global core equity manager search process at an investment committee meeting next week.
The plan currently works with general investment consultant Gallagher Fiduciary Advisors.
The retirement system swapped out its domestic small-cap value manager in February.
The search is open to credit opportunities, distressed debt and direct lending strategies.
The retirement fund placed domestic small- to mid-cap value and international small-cap equity managers on watch last month.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The plan hired a new international equity manager after interviews yesterday.