Follow-on commitment will see fund focus on global diversified buyout partnerships.
Organization intends to invest $200 million in diverse-owned and led private equity firms raising first or second funds.
The plan will interview two private equity managers this week after approving a new asset allocation in May.
Plan will recommend a single firm for hire next month following semifinalist interviews scheduled for this week.
The plan is looking to commit to up to three private equity funds.
One is a new hire, while the other was promoted from principal.
The plan approved a private equity commitment with an existing manager and disclosed two private equity co-investments.
The new hires include a principal, two v.p.s and a director.
The plan made three more commitments for its 2021 pacing schedule.
The plan approved two private equity commitments at a meeting yesterday.