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The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.
The manager added an analyst from an investment consulting firm.
The commitments total more than $700 million.
The pension fund had approved minimum qualifications for the search last month.
The retirement association also terminated an emerging market fixed-income mandate at today’s board meeting.
Institutional and individual investors are continuing to embrace private markets strategies in search of diversification and higher returns amid ongoing market volatility and geopolitical uncertainty, according to a new report.
Four total firms were interviewed in May for the mandate.
The retirement plan also hired a new principal investment officer of real assets.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.