Emerging/Diverse Managers
The plan will also consider a $30 million re-up commitment with a real estate manager.
The retirement fund has posted an RFP for infrastructure managers to handle a $50 million to $80 million allocation.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan is looking to invest up to $450 million with qualified managers.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
A total of six new sub-mandates were funded.
The decision comes after the plan had initially decided to go ahead with a search for emerging managers-of-managers last month.
The retirement fund disclosed commitments totaling $4.5 billion in September.
The firm was part of the plan’s local emerging manager composite.
The retirement system will conduct a full search for emerging managers-of-managers after reviewing a consultant presentation on available options at today’s meeting.