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The search is open to credit opportunities, distressed debt and direct lending strategies.
The retirement fund placed domestic small- to mid-cap value and international small-cap equity managers on watch last month.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The plan hired a new international equity manager after interviews yesterday.
The plan replaced its domestic small-cap value equity manager in the fourth quarter due to underperformance.
The town is seeking the services for its approximately $160 million operating and capital funds portfolio.
The retirement system also concluded its general investment consultant search in January.
The firm is searching for a head of endowments and foundations to join its outsourced cio team and provide strategic leadership across investment management, client engagement and business development.
The foundation added investments with three diverse managers to help it surpass its goal of allocating half of its portfolio to diverse firms.