Infrastructure
The plan will first issue the fixed-income and private equity RFPs in the next two months.
The plan’s consultant said there are additional strategies it might consider for diversification purposes.
The plan disclosed a recent infrastructure commitment with a new manager.
Plan added real estate and real assets commitments totaling $60 million this week.
The plan recently committed $348.5 million total to two existing managers and terminated a high-yield fixed-income manager.
The plan will hear presentations from two funds for recommended commitments next month.
The firm hired another co-lead for the infrastructure strategy in February.
Plan’s investment committee approved up to $115 million in alternatives commitments this month.
The fund is looking to build out its alternatives allocations to align its portfolio with a new strategic asset allocation approved in June.
The plan will seek a real estate manager to handle $30 million to $60 million and recently hired a hedge fund-of-funds manager as part of new absolute return portfolio structure.