The trust will commit $100 million in total this year.
The retirement system is seeking a firm to handle between $10 million and $15 million.
The retirement system fully redeemed its investment in the manager due to underperformance.
The retirement system will conduct the search due to the expiring contract of its incumbent.
The pension board will also target $1 billion to non-traditional equity strategies.
The commitments were made this year under delegated authority.
The retirement plan hired a core-plus fixed-income manager to complement its more conservative incumbent.
The retirement system first considered issuing the RFP last year.
The plan made $350 million in commitments for pacing purposes.
The retirement system most recently rehired its incumbent general investment consultant in 2019.