Credit/Private Debt
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The commitments include two new manager relationships.
The plan committed $134.4 million total to three investment managers last week.
The plan made private markets commitments totaling $15.8 million and appointed an executive director/cio last month.
The termination follows a completed asset/liability study.
The plan committed to three funds run by new manager relationships.
The plan added $15 million in follow-on commitments across two funds in March.
Plan re-upped with another commitment to an existing real estate manager.
The plan approved a private equity commitment and was informed of staff-delegated investments this week.
The plan will include its two incumbent international value equity managers in a search to review the asset class universe.