Plan has issued an RFP for separate account management services to implement a private markets investment program for its OPEB trust.
The commitments include one to a first-time manager for the plan.
The plan will invest more than $90 million overall in two existing relationships.
The plan terminated the sole manager handling its $169 million portfolio.
He is responsible for fund management for the group.
The plan approved up to $650 million in new private commitments at its board meeting yesterday.
He will lead the firm’s real estate investment team, which oversees $18 billion in assets.
Plan agreed to move ahead with an RFP for general investment consultant services as well as split a $50 million core real estate allocation between two firms at its Feb. 17 board meeting.
The winner will take over a $361 million mandate.
Firm also closed its fourth global infrastructure fund.