The plan has worked with its incumbent general investment consultant since 2008.
The plan committed $175 million total to two existing managers last week.
The plan expects to complete the invitation-only RFP process by the end of the third quarter.
MissionSquare Retirement currently serves as the plans’ service provider.
The duo will oversee the firm’s $165 billion private equity business in their newly created roles.
He most recently served as managing director and deputy cio of agriculture at Manulife Investment Management.
The plan made private markets commitments totaling $44.6 million and approved a 2023 pacing plan last month.
He previously held business development leadership roles at Highbridge Capital Management and KKR.
The city last issued an RFP for the services in 2016.
The plan hired an international growth equity manager and committed to two existing private equity managers last month.