The deferred compensation plan is seeking both record keeping and custodian services.
Patrick O’Donnell joined the firm this week from BlackRock.
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The plan expects to interview two finalists at its November investment committee meeting.
The plan’s board will vote on a recommendation at a meeting later this month following finalist interviews this week.
The district is looking to consolidate from three advisors to a single firm to provide the services for various funds.
The plans are also in the process of scouting for a record keeper.
The Rhode Island plan is working to fill the position in the interim.
The searches follow establishment of new sub-asset class targets of 11% to broad fixed-income and 3% to high-yield within its overall fixed-income target earlier this year.
The defined contribution plan has issued an RFP seeking investment consulting services.