Emerging/Diverse Managers

Plan expects to receive a recommendation at its Oct. 12 board of investments meeting.

Commitment is first of two to non-core real estate funds anticipated this year.

Plan added commitments totaling roughly $2.7 billion with six existing managers and two new managers in March.

Program is centered around a platform of separately managed accounts that will source, conduct due diligence on, invest in and oversee allocations to emerging managers.

The firm has also appointed a chief diversity officer and deputy chief diversity officer to lead the office.

She will lead and drive strategy for diversity, belonging and equity.