The plan committed to two firms following finalist interviews held today.
The plan awarded blank contracts with five firms for up to 10 years.
60% of Callan employees are now shareholders, the firm said.
A West Coast city is searching for a firm to manage its reserve investment pool.
The hires conclude a private credit manager search launched in June.
The executive director is responsible for the strategic direction of the organization.
The plan has issued an RFP on behalf of itself and five state systems.
The plan disclosed four private markets commitments this week.
The plan is looking to hire at least one manager and may also build a pool of managers for future allocations.
A Mid-Atlantic school district is searching for a bundled provider for its 403(b) and 457(b) plans.