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.
The plan will interview finalists in November.
The firm will manage a hard currency mandate for the plan following the issuance of an RFP in the second quarter.
The retirement fund began a search in June due to contract expiration of its incumbent consultant.
The commitments include follow-on and first-time fund commitments for the plan.
The retirement system last conducted a similar search in 2021.