Direct lending would represent a new strategy for the plan.
The plan is seeking managers to handle $30 million.
The plan last conducted a general investment consultant search in 2018.
The search will be for two managers to handle up to $483 million.
The retirement association made hires in its infrastructure and portfolio overlay searches over the last few months.
The plan anticipates committing up to $450 million to the asset class next year.
The current ceo announced her retirement last month.
The search is to potentially replace a current underperforming manager.
The selected firm will manage a private equity portfolio totaling $400 million over five years.
The plan’s micro-cap manager will now manage small-cap mandates.