The plan made commitments across private equity, private credit and real estate as part of its annual pacing plan.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.
The transaction is expected to close in the second quarter.
Commitment is first of two to non-core real estate funds anticipated this year.
Fund will interview three open-end core real estate managers to potentially handle $100 million total and two closed-end core real estate managers to handle $50 million prior to its board meeting at the end of the month.
Plan retained its incumbent consultant over proposals from four other firms.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
Plan committed a total of $40 million to a pair of diverse-owned value-add real estate managers.
New director joins from general investment consultant AndCo Consulting.
The plan will issue the RFP in June due to the upcoming contract expiration of incumbent RCLCO.