Searches And Hires
The retirement fund disclosed commitments totaling $3.1 billion in November.
The searches are open to growth and value equity managers.
The retirement system added private equity and private credit commitments in recent months.
The pension plan is seeking several managers to handle a yet-to-be-determined mandate.
The plan is seeking general and private markets consultants for due diligence purposes.
PFM Asset Management currently provides investment advisory services for the trust.
The pension plan approved one credit and three real estate commitments totaling $180 million at yesterday’s investment committee meeting.
The plan is set to commit $700 million to private credit this year.
The pension plan hired a domestic core fixed-income manager after increasing its target allocation to the asset class in the second quarter.
The plans terminated their mandate with domestic core-plus fixed-income manager Western Asset Management and hired a new record keeper in the fourth quarter.
