Infrastructure
The commitments include a new manager relationship for the plan.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The pair of commitments are subject to approval from the full board later this month.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
The commitments were made with five existing managers.
The searches result from a new strategic asset allocation.
Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.
The deferred compensation plan terminated its TIPS manager following a diversified inflation strategies search report in November.
The pension plan will review its domestic core fixed-income manager search at an April 26 board meeting and selected a new executive director last month.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
