The plan made four private equity commitments with existing managers this week.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The plan will commit an additional $60 million to private markets this year.
The plan will commit to private credit managers this year for pacing purposes.
The plan made a commitment today as part of its pacing plan for the asset class.
The plan rehired its current consultant after a similar RFP process in 2019.
The pension plan also disclosed more than $500 million in private equity commitments.
The plan’s investment consultant recommended hiring specialized managers for its non-U.S. equity portfolio.
The plan last conducted a similar search in 2021.
The authority’s investment portfolio is currently held in money market funds and various U.S. securities.