Infrastructure
The search is open to core and non-core real estate and infrastructure managers.
The plan tapped an active manager after voting to move to an all-active approach for the fixed-income portfolio to achieve better long-term return prospects.
The plan will also search for private debt and infrastructure managers later this year.
The commitments target energy and digital infrastructure.
The recommended hire of an additional active core-plus manager comes after the decision to implement an all-active approach.
The firm raised approximately $1.1 billion in total capital commitments for two of its latest funds.
The plan interviewed three firms for a $7.5 million mandate.
The search is for an open-end private infrastructure strategy.
The plan is seeking active and passive funds to handle $1.35 billion.
GCM Grosvenor has hired Michael Albrecht as a managing director in its infrastructure business.
