Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The search follows the plan rescinding a January commitment to a blockchain-focused fund.
The fund made a venture capital commitment to a new manager as it is to find improved valuations in the venture space.
The plan will commit up to $3.4 billion to the two asset classes.
Plan added $145.4 million in alternatives commitments through the first half of the year.
The fund will focus on investing in small and lower middle market companies.
The fund invests across a diversified portfolio of structured debt, equity and hybrid investments.
The plan will add three value managers to its international equity portfolio.
The plan hired an infrastructure manager and committed $1.5 billion in the second quarter.
Plan added a hedge fund commitment to an emerging manager in addition to a pair of private equity commitments.