The plan approved up to $650 million in new private commitments at its board meeting yesterday.
The winner will take over a $361 million mandate.
Plan will target direct lending, structured credit, distressed and special situations, specialty finance and multi-asset strategies in a private credit search scheduled to launch this week.
Firm also closed its fourth global infrastructure fund.
Plan’s investment committee will review a proposed RFP to fill a new 3% target to the asset class.
The funds closed with a collective total of $3.6 billion in commitments.
The plan is searching for its first ever non-discretionary private markets consultant.
The commitments were made for pacing purposes.
The plan and its general investment consultant will present private credit search criteria for approval next month.
Plans added roughly $43.5 million in commitments across five funds this week.