The plan is seeking an international equity manager to handle a $35 million allocation.
A total of up to $1.5 billion is expected to be awarded in the search.
The plan moved to an ACWI ex-U.S. manager from an EAFE manager at its board meeting this month.
The pacing plan calls for a total of $58 million to private debt and private equity over the next two years.
The plan made a hire this week following finalist interviews held over the last two months.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
Plan continues working toward executing a transition of assets away from the state fund.
The plan is seeking both active and passive managers to handle up to $10 million.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.