The selected firm will manage two fixed-income portfolios valued at roughly $937 million.
The retirement system is looking to make a first-time investment in the asset class.
The RFP will be launched in the second half of next year.
The retirement system is seeking global large-cap infrastructure funds.
The plan disclosed two private equity commitments to new managers at yesterday’s board meeting.
The plan concluded its investment consultant and private investment consultant searches that began last year, retaining its general consultant and hiring a new private investment consultant.
The plan made follow-on commitments and rehired its real estate consultant following an RFI process.
The plan’s previous director resigned in June.
The pension plan’s current manager was hired in 2016.
The plan sees market opportunity due to recent banking failures.