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.
The plan hired two firms in its diverse private equity fund-of-funds search this week.
Infrastructure represents a new asset class while the high-yield search is due to procurement rules.
Search is to replace its outgoing executive director, who first joined the plan in 1991.
The pacing plans are part of its 2021 annual asset class investment plans.
The plan concludes its passive equity search and interviews private equity managers.
The plan added a new asset class after receiving an updated asset class assumption report.
The recommendation will come from its general investment consultant later this month.