The plan will also soon issue RFPs for international equity and fixed-income managers.
The investment will be with a newly formed local and minority-owned manager.
The plan hired launched a private equity manager search and wrapped up another in real estate.
The plan is seeking a single firm to provide consulting on traditional and alternative investments.
The plan has issued an RFP for an executive search firm to recruit its next executive director.
The plan added two managers to its equity portfolio after increasing the target last year.
The searches are for non-core managers to handle up to $140 million and private debt managers to handle up to $60 million
The plan will seek a third manager to complement its two incumbent emerging markets equity managers.
The strategy will invest in four different fixed-income assets.
The plan is looking to hire a core fixed-income manager to handle up to $35 million.