The plan is seeking a firm to provide fiduciary investment advisory services.
A total of three funds were hired as part of a private credit pacing plan.
The plan last conducted a similar search in 2019 that resulted in a consultant switch.
The city retained the incumbent consultants for its three pension plans.
The current executive director has accepted another position.
The plan intends to bring a recruitment process next month.
The commitments include private credit, infrastructure, farmland and real estate.
The plan is looking to hire three managers to handle a total of more than $1.6 billion.
The commitments to three firms represent new relationships.
The state investment management board is searching for a long-only separate account manager for the asset class.