Plan will ultimately move an approximately $300 million mandate to a more focused strategy from its incumbent.
Plan added a secondaries commitment to its portfolio this week.
The plan has issued an RFP seeking an investment consultant for its $67 million in assets.
The trust hired Invesco to manage the new asset class.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
Plan is searching for a firm to oversee its $50 million in cash and investments.
The fund has already committed or closed on $300 million in investments.
Investors look to emerging markets fixed-income for diversification and ESG prospects.
Plan first invested in the strategy in 2013.
The commitments include three first-time investments.