Searches And Hires
The pension fund launched a search for managers earlier this year.
The plan will issue a private credit RFP in July that will be open to diversified, direct lending and senior secured strategies.
The town is searching for administrative, investment advisory and actuarial services for its plans.
The terminations include three underperforming managers.
The fund will consider committing $50 million to an existing private equity manager within its portfolio as staff recommended adding a strategy with General Partner stakes.
Four outsourced cio providers were interviewed for the mandate.
The plan also added a pair of commitments to a new private equity manager relationship.
The plan terminated two managers as part of a non-U.S. equity structure study.
The pension plan disclosed commitments totaling $720.7 million in the first quarter.
The fund approved the addition of a new international equity manager in April to complete its search for a core manager from 2025.
