The plan is looking to invest $20 million in the asset class.
The plan will dole out $660 million in total to small-cap and micro-cap equity managers.
The plan hired new domestic large-cap equity managers and retained two incumbents global bond managers.
Plan moved a domestic small- to mid-cap equity mandate to a passive account and added a real estate commitment.
She will work to expand the New York-based firm’s sales coverage across a variety of asset allocators throughout the U.S.
The plan will look to invest in two real estate funds to bring its allocation back up to 5%.
The current cio is retiring at year-end.
He will select the most attractive risk-adjusted real estate strategies globally.
Plan made several real estate, private equity and credit commitments in recent months.
The plan expects to issue an RFP for real estate managers this year or early next year.