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The fund is looking to invest in artificial intelligence-native hedge funds as it finds the biggest funds have been slow to adapt.
The plan is looking to fill a vacancy within its fixed-income department.
Co-Investment Fund VI closes with an oversubscribed $2.5 billion in committed capital.
Empower currently provides the services for the deferred compensation plan.
The plans had been slated to issue the RFP following the onboarding of new investment advisor Innovest Portfolio Solutions earlier this year.
City manager and council approval of a selected firm are scheduled for Aug. 10.
The retirement system also hired two managers in its emerging markets equity search.
The latest flagship fund closed with approximately $2.4 billion in total capital commitments.
The retirement system added commitments to one new and one existing manager relationship last week.