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The plan hired two separate account managers for its global equity emerging manager program after increasing the program’s allocation range this week.
The plan terminated an underperforming international equity manager and made a venture capital commitment last month.
He will retire from the firm in the first quarter of 2023.
The fund will focus on the business services, consumer, healthcare services, manufacturing and specialized distribution sectors.
The fund will focus on control investments in middle market businesses.
The plan has issued an RFP seeking record keeping and administration services.
The plan selected a new general investment consultant after going out to bid in May.
Plan added a direct real estate investment and a REIT investment to fill out a new 5% allocation to the asset class.
The plan’s general investment consultant “was unsuccessful in reaching legal terms” for a previously approved follow-on private credit commitment.