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The Chicago-based firm has hired a head of global distribution and head of consultant relations this year.
The search will be for two managers to handle up to $483 million.
The retirement association made hires in its infrastructure and portfolio overlay searches over the last few months.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The city is looking for an advisor for its roughly $150 million in operating and capital funds.
The plan anticipates committing up to $450 million to the asset class next year.
The new hire will look to develop the firm’s North America business development strategy in the institutional investor channel.
The firm raised $9.7 billion in aggregate capital commitments across the two funds.
The plan’s private markets committee will recommend the commitment at a board meeting later this month.