The plan’s previous manager did not submit a proposal in a search launched this summer.
State Treasurer Tobias Read announced a framework to fully decarbonize the pension fund by 2050.
The pension fund has exposure to FTX through three venture capital investments.
The plan will fund the new manager by selling off current fixed-income investments.
The plan made a hire in a manager-of-managers search launched in June.
The plan will also target more $720 million to alternative funds in 2023.
The plan will seek board approval to terminate a high-yield fixed-income manager and an emerging markets equity manager.
The plan may conduct a search to replace its current underperforming hedge fund-of-funds.
The plan is set to commit $20 million annual over the next five years.