Private Equity
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.
The plan currently has issued RFPs for both private equity managers and consultants offering general investment and alternatives markets services.
He will help the investment team and portfolio company leaders to innovate and scale through cloud, data, analytics, artificial intelligence and security transformation initiatives.
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.