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The plan’s options could range from minor tweaks to the addition of private equity and emerging markets equity allocations.
The firm hired a v.p. of business development to oversee the strategic development of its intermediaries initiative.
He will be responsible for evaluating new transactions, due diligence, underwriting and collaborating with portfolio companies.
The fund was created to pursue control investments in micro-cap distributed healthcare businesses.
The firm also hired two high-yield fixed-income managers to handle $450 million each.
The current advisor provides discretionary and non-discretionary services.
The plan launched the search last month for pacing purposes.
The plan also approved conducting a search for a non-discretionary private markets consultant.
The plan’s incumbent consultant will see its five-year contract conclude next year.
The governor also prohibits any new investments in China.