Searches And Hires
The firm was also the sole bidder to an RFP issued last summer.
The plan committed $300 million total to two managers this month and was informed of two private equity co-investments.
The plan is looking for a farmland manager to handle $35 million.
The plan made a $25 million re-up with an existing fund at its investment committee meeting this week while also opting to rescind a private debt commitment due to delays in deploying capital.
The plan increased its target allocations to credit and hedge funds last month and recently approved three commitments totaling $125 million.
The plan committed $10 million to an existing real estate debt manager yesterday.
The plan’s incumbent was first hired in 1997.
The fund canceled its RFP seeking a non-discretionary investment consultant to oversee its trust fund late in the fourth quarter as the consultant’s contract was slated to begin Dec. 1.
The plan has begun searches for international equity and core and non-core real estate managers.
The current consultant will see its contract expire this year.