The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
Managers are launching new open-end real assets funds as competition is increasing in most strategy types and firms that offer more investor-friendly fees and terms can be more competitive in searches, according to a new study.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The plan adopted a new asset allocation mix at its board meeting yesterday.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The $80 million committed to non-core infrastructure funds at today’s meeting conclude the retirement fund’s pacing plan for 2024.
The plan will look to hire five firms after launching a search in January.
The plan will commit a total of $1.2 billion to the asset classes next year.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.