The plan last conducted a similar search in 2014, which resulted in the hire of its two incumbents.
The plan will issue the RFP after making its first investment in the asset class.
The plan will begin with a mid-cap growth equity manager search in January.
The strategy will be new for the trust fund, which is looking to fill a $3.4 million mandate.
Contracts of the plan’s incumbent managers are expiring.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The current consultant’s contract has expired.
The trust is seeking an investment manager and a money market provider.
The selected manager will handle approximately $373 million.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.