Credit/Private Debt
The plan is also considering adding risk mitigating strategies.
The pension plan also made two commitments at its real estate committee meeting in May.
The search comes after the plan received an education on below investment grade multi-asset credit managers this week.
At least one client will explore alternative options next month.
The retirement system also recently made two private markets commitments.
The retirement fund also hired an emerging markets equity manager last week.
The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The plan recently made $285 million in private markets commitments.
The retirement system will interview the finalists at its December finance committee meeting.
The board hired an intermediate manager to replace a short-term bond mandate.