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The plan approved a new domestic equity structure that shifts the portfolio to 100% passive.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The retirement system replaced an underperforming U.S. small-cap value equity manager last quarter.
Ampersand 2026 Limited Partnership closes with $1.5 billion in commitments.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
The authority is seeking retirement investment advisor and consulting services on behalf of its $91 million defined contribution and $22.2 million deferred compensation plans.
The plan retained its incumbent in 2020 following a similar search.
The plan is nearing a global core equity manager search as it looks to fill a new underlying 20% allocation.
The investment consultant was also rehired in 2019 following a similar RFP process.
The retirement plan also made a private equity commitment in the first quarter.