Searches And Hires
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The plan concluded its private equity manager search conducted for pacing purposes.
The retirement system will also announce a new executive director next week.
The commitment will help move the retirement system closer to its 30% non-core real estate target.
The plans currently work with general investment consultant Innovest Portfolio Solutions.
The $300 million in total commitments went to existing managers.
The incumbent consultant was awarded a new eight-year contract.
The plan disclosed commitments totaling $300 million at a meeting last month.
The retirement system added a $75 million commitment to an existing manager relationship last month.
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.