The plan is looking to invest with two open-end core real estate managers.
The plan also disclosed two recent private markets commitments.
The search will not include the plan’s two incumbent firms.
The plan expects to hire a new domestic mid-cap growth equity manager later this month.
The two emerging managers-of-managers were first hired in 2020.
The city is seeking a firm to review the appropriateness, adequacy and effectiveness of its investments.
The plan terminated an international equity manager that saw a personnel departure last year.
The search is required per state regulatory requirements.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The redemptions stem from qualitative issues within the firm’s investment team.