The state is seeking a firm to help create a special purpose vehicle for in-state investments.
The commitments include a new manager relationship and a follow-on.
The plan is searching for index managers to handle $10.5 billion.
The plan made four follow-on commitments totaling $625 million.
The plan selected two international small-cap value equity managers to conclude its search for a firm in the fourth quarter due to underperformance from the incumbent.
The firm’s second private equity fund closed nearly $300 million above its fundraising target.
The plan is conducting the search as its investment officer left the plan last month after nearly three years of service.
The plan made three commitments with existing manager relationships.
The commitments made last quarter totaled nearly $20 million.
The search is required by state statute and the incumbent mid-cap core manager is Davenport Asset Management.