The plan is also conducting a consultant search for informational purposes.
The plan is looking to commit $10 million to the asset class for pacing purposes.
The plan’s incumbent general investment consultant was first hired in 2018.
The plan is seeking help in developing a customized private markets consultant RFP.
The plan also terminated its mandate with Western Asset Management at today’s board meeting.
The commitments include two new relationships for the council.
The hire concludes an RFP process that began in May.
The plan adopted a new target to private equity earlier this year.
The searches result from a new domestic equity structure.
The plan hired its incumbent for a new seven-year term.