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The plan began a search for investment advisor services for its $34 million fund in June.
Direct lending would represent a new strategy for the plan.
The plan began a search last November that was canceled earlier this year.
The pension fund’s 3% portfolio to the asset class is currently held in an index fund.
The plan is seeking managers to handle $30 million.
The Ivy League university’s investment management arm hired an investment director from another institution as its next president to succeed its current investment head, who is set to retire in June 2024 after nearly three decades of service.
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 plan last conducted a general investment consultant search in 2018.
The retirement system hired two active domestic fixed-income managers and approved a structure for its new private debt portfolio today.