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.
The plan made a hire last month after issuing an RFP for advisory and investment consulting services in April.
The districts issued an RFP earlier this year to consolidate to a single provider.
The plan conducted the searches due to mandates impacted by the Energy Discrimination Act of 2022.
The firm raised $397 million to invest in expansion stage healthcare companies.
The plan has been discussing investing in private credit since the fourth quarter.
The plan hired a new investment manager for its $10 million in assets.