Emerging/Diverse Managers
The plan has awarded approximately $1.2 billion across three managers.
The retirement system is seeking one or more managers to handle a mandate expected to range from $200 million up to $400 million.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The retirement fund has posted an RFP for infrastructure managers to handle a $50 million to $80 million allocation.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan is looking to invest up to $450 million with qualified managers.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
A total of six new sub-mandates were funded.
The decision comes after the plan had initially decided to go ahead with a search for emerging managers-of-managers last month.
The retirement fund disclosed commitments totaling $4.5 billion in September.