The plan hired two multi-asset credit managers at a board meeting today.
The pension plan established a 5% target to the private credit asset class at a meeting this week.
The plan will seek one firm to handle domestic large-cap and small-cap and international equity mandates.
The retirement system has two domestic small-cap equity mandates up for bid.
The retirement system will commit $150 million across the two asset classes next year.
The administrator will be responsible for two deferred compensation plans with more than $420 million in assets.
The plan last conducted a similar search in 2018.
The commitments total more than $700 million.
The retirement association also terminated an emerging market fixed-income mandate at today’s board meeting.