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The consultant will be responsible for approximately $100 million in plan assets.
The plan hired a new firm to provide general investment consulting services.
Firm closed the fund with more than $1.3 billion in total commitments.
The terminations were approved amid the plan’s ongoing international equity manager search.
The managers will complement existing core-plus manager TCW.
The plan was unable to invest in a previously selected manager.
The two incumbents were the only firms that submitted proposals.
The plan is looking to make a maiden private debt commitment of up to $50 million.
The firm appointed Molly Giffen to the role as she rejoins the firm.
The plan authorized a search to replace a terminated domestic large-cap growth equity manager and will issue a private equity consultant RFQ soon.