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The retirement association added a dedicated infrastructure target as part of a newly approved asset allocation last month.
The search will be conducted to replace a recently terminated hedge fund manager.
The selected individual will develop investment strategies, ensure portfolio risks and allocations remain aligned with objectives, collaborate with external advisors and more.
The plan was scheduled to vote on an international equity manager termination this week.
The plans currently work with MissionSquare Retirement.
The commitments conclude a private credit RFP search process that was launched in September.
The new hire will succeed Executive Director Jerry Allen upon his retirement on January 1.
The retirement board made $250 million in total commitments over the last two quarters.
The newest fund surpassed the firm’s $4.75 billion target in less than five months.
The firm has completed fundraising for its fifth debt strategies fund, raising $2.15 billion in equity commitments.