The plan will fund the hires by terminating three existing firms.
The plan approved more than $1.8 billion in commitments at today’s board meeting.
The plan approved two commitments as part of its private credit pacing plan at a meeting today.
The plan will also receive an international equity manager search report next month.
The plan made three commitments after interviewing firms in closed session last month.
The plan rehired its incumbent consultant in 2018 after a similar search.
The plan also removed a firm from watch status due to improved performance.
The retirement plan made two commitments following finalist interviews yesterday.
The plan is currently conducting due diligence on two firms.
The plan also renewed several of its investment consulting contracts at today’s board meeting.