The consulting firm is conducting the search on behalf of a public fund client.
The plan’s search follows two private markets investment officer hires last quarter.
The authority last conducted a similar search in 2020.
The plan has four incumbent managers in the two asset classes.
The plan began searches for active domestic large-cap, small- to mid-cap and small-cap equity managers in February.
The plan also terminated three managers last week.
The plan is seeking separate account managers that can offer exposure to multiple credit asset classes.
The plan approved a consultant switch at a board meeting today.
Global equity represents a new asset class for the retirement system.
The consultant will provide advice related to investment policies and asset allocation.