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The commitments include three new relationships for the plan.
As U.S. professionally managed assets declined in 2022, Cerulli Associates’ latest report found a temporary trend reversal where institutional channel assets gained a slight edge over retail.
The plan replaced its domestic mid-cap growth equity manager due to underperformance.
The plan made several commitments in alternatives asset classes in November and December.
The hire concludes a search that was launched in August.
The fund is now more than 40% committed.
Firm has appointed David Eisenreich as North American head of retirement.
Plans hired a firm for the services following a search conducted in 2016.
The plan went with the incumbent manager in its domestic small-cap value equity search.
The plan rehired its consultant, which has since joined the ranks of another firm, late last year.