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Plan also expects to receive an international value equity manager search update form its consultant later this month.
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.
The secure choice savings program was created in 2021.
The new asset allocation includes slight increases to several portfolios.
A board of directors at a Southern university has added an investment professional to fill a vacancy.
An asset manager chair will leave a position as fellow at an Ivy League university governing board.
The fund will make pre-seed and seed venture capital investments in sectors like artificial intelligence.
The plan established a 2% allocation to the asset class earlier this year.
The transaction is expected to close in the fourth quarter.
The new hire will report to CIO Sriram Lakshminarayanan.