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The program will stick with its four incumbent providers for the services.
The commitments include three new manager relationships for the retirement system.
Archer serves as v.p. and cfo at the Lumina Foundation and directs the investment strategies for its approximately $1.4 billion endowment.
The plan opted to hire a new general investment consultant after 10 years with its incumbent.
The new hire previously served as senior manager of investments at the $2.5 billion Montgomery County (Md.) Public Schools Pension & Retirement Plan.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The new manager replaced an existing firm in the second quarter.
The plan recently made $285 million in private markets commitments.