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The plan is also expected to reduce positions in U.S. small-cap and explore enhanced indexing as parts of an overall global equity portfolio roadmap discussed last week.
The current provider’s contract will expire in January.
Burnett oversees a global team of 30 investing across infrastructure primary funds, secondaries and co-investments.
Michael Krems has joined Apollo Global Management as a managing director.
The search is open to general and private markets consultants.
The plan last rehired its consultant following an RFP search process in 2020.
The retirement trust doubled its allocation to a recently hired real estate manager at its board meeting this week.
The search will seek an integrated consultant for performance and benchmarking measurement.
The investment board has also made up to $1.4 billion in new commitments.
The city last completed a search for the services in 2021.