The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
Commitment is one of up to three total real estate commitments expected this year.
The plan is searching for its first ever non-discretionary private markets consultant.
The plan and its general investment consultant will present private credit search criteria for approval next month.
Plans added roughly $43.5 million in commitments across five funds this week.
The investment follows Post Road’s closing of its second Special Opportunity Fund.
The plan increased its real estate allocation to improve returns.
The plan committed to SoLa Impact’s Black Impact Fund.
The fund will primarily target mid-cap assets with gross asset values under $200 million in the major markets of the U.S.
His responsibilities have been assumed by other team members.