The plan made a hire this week following finalist interviews held over the last two months.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
Plan continues working toward executing a transition of assets away from the state fund.
The plan is seeking both active and passive managers to handle up to $10 million.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.
The plan also concluded its real estate and passive manager searches.
The plan terminated its active international value equity manager in December due to underperformance.
Plan staff is considering searches in small-cap equity and multi-asset credit searches later in 2023.