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The plan also made $440 million in real assets and private equity commitments at today’s meeting.
The plan will issue an RFP for domestic core fixed-income managers as part of a restructure approved at this week’s board meeting.
The plan committed to four firms that represent new relationships.
The retirement system will hold a special board meeting to vote on its record keeper search after dismissing Executive Director Scott Miller this week.
The pension plan hired a new manager after increasing its domestic fixed-income target allocation in May.
The appointment comes as the former cio has decided to transition away from the role to focus on portfolio management responsibilities.
The plan added a private equity commitment at its October board meeting.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The plan recently made five real assets and venture capital commitments.
The value-add real estate manager has appointed two new senior v.p.s.