The agency is seeking investment consulting and custodial services for its $476.8 million retirement plans.
The firm’s hire will be recommended to the full board at a meeting later this month.
Alternative asset manager ITE Management has received a strategic minority investment from funds managed by Blackstone Credit & Insurance.
The selected firm will manage a $60 million core long-term investment portfolio.
An RFP was issued last February for a total allocation between $90 million and $180 million.
The plan’s new passive global inflation-linked fixed-income manager replaces an incumbent firm.
The plan will interview four emerging markets equity finalists next week.
The plan rehired its general investment consultant and hired a new firm for a separate specialty consultant services mandate.
Rodney Zemmel has joined Blackstone as global head of portfolio operations.
Andrew Hoffmann has joined the retirement systems as an investment director.