The plan committed $15 million each to new funds from existing managers.
Plan will issue an RFP seeking diverse-owned private equity managers to handle up to $50 million.
Plan switched domestic small-cap value equity managers in the first quarter.
The acquisition adds $200 billion in assets under management to Franklin Templeton.
The fund focuses on firms in the Mid-Atlantic, Midwest, Southeast and the Rocky Mountains.
The two commitments will be funded from the plan’s public equity portfolio.
A university system in the South added a private equity commitment within its endowment alongside some changes to its public equity portfolio to achieve a more balanced and global approach at its investment committee meeting this week.
Fund will consider infrastructure and private equity commitments within its trust fund this week as it looks to build out allocations created in 2020.
She previously served as an executive v.p. at Nasdaq.
The new fund closed with $750 million in commitments.