Credit/Private Debt
The plan approved two commitments at a board meeting this week.
The plan last conducted a search nearly a decade ago.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The plan also made several private markets commitments totaling more than $500 million.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.
The nonprofit has launched its first open RFP to build partnerships and support investments that can accelerate U.S. clean power projects, seeking proposals from energy developers, commercial partners, community lenders and financial investors like private credit and private equity firms.
The plan expects to issue the RFP before the end of the month.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
The plan will look to hire five firms after launching a search in January.