The pension fund’s 3% portfolio to the asset class is currently held in an index fund.
The plan hired two diverse-owned bond managers to complete a search launched earlier this year.
The search was approved at the retirement association’s board meeting on Wednesday.
The Chicago-based firm has hired a head of global distribution and head of consultant relations this year.
The search follows the plan’s termination of an incumbent manager at yesterday’s board meeting.
Firm has added four senior v.p. and portfolio managers to its investment team.
The plan last conducted a search for services in 2018.
Consulting firm acquires Lyxor U.S. and its $20.8 billion in assets under management.
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.