The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The plan will interview two firms in its general investment consultant search.
The plan also added a new 6% target to private credit.
The plan will commit a total of $330 million to the asset class for fiscal year 2026-2027.
The search is open to core and non-core real estate and infrastructure managers.
The previous head of investment manager research was promoted to cio in December.
The search is part of an orderly succession planning process.
The plan also disclosed two private markets commitments.
The new asset allocation also eliminated the plan’s hedge funds portfolio.
The pension fund hired two firms to replace a previously terminated underperforming manager.