The search will be conducted through an invitation-only RFI process.
The plan placed the firm on watch last month for performance reasons.
The executive director rejoined the plan after initially departing last year.
The investment consultant will advise on a new venture capital program.
The plan’s current director is set to retire.
The commitments include two new manager relationships.
The plan rehired its incumbent consultant after a fee reduction.
The plan committed to a new private equity manager relationship and trimmed its real estate portfolio.
The plan concluded its core real estate replacement search at a meeting last week.
The termination follows a completed asset/liability study.