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The plan added a commitment to a firm’s sixth fund in a series after previous commitments to the preceding two funds.
The plan’s new project basis-consultant was chosen over finalists Hyas Group, Innovest Portfolio Solutions and Mesirow Financial.
The plan rehired its incumbent managers following searches launched earlier this year.
The retirement has led to at least one plan placing the firm on watch.
The plan will conduct searches in several fixed-income and credit sectors following a portfolio restructure stemming from an overall asset/liability study.
The fund is managed by Blackstone Credit’s sustainable resources platform, which launched last year.
The new hire joined the plan from Capital Group last week.
The plan opted to liquidate its 10% allocation and reallocate the proceeds to fixed-income.
The private debt commitment was made for pacing purposes.
County conducted a similar search for a portion of its investment portfolio in 2019.