Searches And Hires
The authority is seeking the services on behalf of its defined benefit, 457(b) and 401(a) plans.
The retirement system retained its equity manager and let go of its incumbent fixed-income manager.
The retirement fund disclosed commitments totaling $4.5 billion in September.
The pension plan was notified of two commitments totaling $257.5 million at its Nov. 13 board of investments meeting.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The commission is searching for a discretionary manager for its non-pension assets.
The asset classes were recommended by the OPEB trust’s new general investment consultant.
The retirement system will also launch a search for private credit managers next year.
The plan added a follow-on commitment to a healthcare-focused private equity firm this week.
The retirement trust will interview two core real estate managers at its February board meeting.