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The plan added $500 million across three new alternatives commitments in the fourth quarter.
The new position will be responsible for all private markets strategies at the $443 billion plan.
The plan interviewed finalists in its emerging markets equity manager search at a meeting today and an additional firm last month.
The plan is seeking buyout, secondaries and open-end core infrastructure funds.
The indirect impact of the Silicon Valley Bank situation on institutional investors will take time to fully assess as Federal Reserve actions to backdrop depositors is digested by the markets.
The search follows the plan rehiring its incumbent for the position in 2017.
The latest commitment will be the plan’s fifth overall investment with the firm.
The authority is conducting the search as it looks to optimize its conversative investment portfolio.
The plan expects to issue a notification of award on Sept. 11.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year