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.
The plan also held finalist interviews with three large-cap value equity managers last month.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
The two firms will have more than $1.8 trillion in assets under advisement.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.