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The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The private equity firm has also hired a managing director and principal.
Flexpoint Ford has named Managing Partner Chris Ackerman as its new ceo.
The hire concludes a search that included an RFP and an RFI issued in July and April, respectively.
The plan approved a $45 million commitment to the asset class at today’s meeting.
The plan approved two commitments as part of its private credit pacing plan at a meeting today.
The company has received a letter outlining a non-binding acquisition proposal submitted jointly by Trian Fund Management and General Catalyst Group Management and their respective affiliated funds.
The plan will also receive an international equity manager search report next month.
The appointment follows the recent launch of three actively managed ETFs designed to bring the firm’s AI-driven quantitative and thematic strategies to U.S. financial advisors and investors.
The retirement system’s most recent commitments totaled $615 million across four funds.