The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The retirement plan replaced an existing manager due to performance reasons.
The search is open to credit opportunities, distressed debt and direct lending strategies.
The plan hired a new international equity manager after interviews yesterday.
The retirement system also concluded its general investment consultant search in January.
The retirement association concluded an RFP process seeking below investment grade multi-asset credit funds.
The current target date fund provider handles $7.2 billion.
The new cio returns to the state after nearly four years.
The public utility plan committed to two real estate strategies last week.
The cio will be retiring in the coming months after nearly 20 years with the plan.