The plan is looking to commit $100 million to a newly established credit hedge fund.
The plan last conducted a similar search in 2016.
The investment consultant will be responsible for a pension plan and an OPEB trust.
The plan rehired its incumbent managers following searches launched earlier this year.
The retirement has led to at least one plan placing the firm on watch.
The private debt commitment was made for pacing purposes.
The plan committed to two private equity strategies and a maiden infrastructure investment.
The plan made commitments with two existing managers.
The plan expects to commit to buyouts and special situations funds for the next three years.
The plan conducted similar searches in 2019 and 2013.