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The plan also disclosed a pair of private markets commitments.
The plan named a new investment consultant after reviewing its options in the space in recent months.
The plan will conduct searches for core and non-core real estate managers.
The plan’s previous manager did not submit a proposal in a search launched this summer.
The managing director is responsible for the firm’s acquisitions activity in the central U.S. market.
The search relates to a reporting error in 2020.
The fund added two private debt strategies to its portfolio as it has looked to increase allocations to private markets following approval of a revised target allocation last year.
The firm is looking to hire more diverse managers for client portfolios after adding several diverse firms, particularly in equity, private equity and venture capital, over the last two years.
The firm recently added a senior investment advisor to support its foundation, endowment and institutional nonprofit clients.
Corporate and healthcare pension plan sponsors agree that combating inflation and rising interest rates are among the biggest risks to markets over the next year, according to a recent survey.