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The plan recently considered increasing its fixed-income target as part of an asset allocation study.
The retirement plan committed to a fund-of-funds following finalist presentations at last month’s meeting.
The search is due to the impending contract expiration of the incumbent, which is welcome to rebid.
The plan also interviewed three core managers to potentially handle the mandate.
The plan also issued a private markets consultant earlier this month.
The appointment has been announced ahead of current CIO Doug Brown’s retirement this summer.
The plan also added a maiden global equity allocation target.
The college saving plan selected an investment consultant to assess its investments, provide input and analysis on investment options and advise on investment policy following the issuance of an RFP in the fourth quarter.
The middle market private equity firm’s newest managing director rejoins after four years.