The retirement association added a dedicated infrastructure target as part of a newly approved asset allocation last month.
The search will be conducted to replace a recently terminated hedge fund manager.
The commitments conclude a private credit RFP search process that was launched in September.
The retirement board made $250 million in total commitments over the last two quarters.
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.