The plan issued an RFP for the services at the start of the year.
The incumbent firm has provided the services since 2022 and is invited to rebid.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.
The plan replaced one emerging markets equity manager with two new firms in June.
The retirement plan will conduct an invitation-only search for its discretionary private equity portfolio services.
iM Global Partner will “bolster” its fixed-income capabilities thanks to a new partnership with Longfellow Investment Management Co.
The retirement association also recently committed $205 million across six new funds.
The retirement fund’s trustees asked for more information before hiring one firm as the primary consultant and a second for carve-out services following finalist interviews at today’s investment committee meeting.
The selected firm will provide investment strategy and portfolio management, among other responsibilities.