The plan approved an RFP seeking value-add real estate managers to handle $7 million.
The search comes as the incumbent’s contract is set to expire at the end of the year.
The plan is seeking a firm to provide investment advice and evaluate investment options.
The plan is conducting the search as part of a due diligence process and the incumbent was last rehired in 2010.
The plan approved commitments to two existing managers.
The 13 firms are said to either boycott fossil fuel companies or failed to reply to a questionnaire.
The current consultant’s contract is set to expire next year.
The plan’s current consultant contract is set to expire.
The manager will handle a new 3% long Treasury target allocation.
The plan sees fixed-income opportunities in the decarbonization of the economy.