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The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.
CIO and COO Amy McGarrity will serve as the plan’s interim executive director while the search is conducted.
The three new commitments will total up to $130 million following approval from the full board later this month.
The search is being conducted in anticipation of the Dec. 31 contract expiration of incumbent Nationwide Retirement Solutions.
The plan is looking to invest up to $175 million initially with the selected manager.
The plan disclosed two private equity commitments at a board meeting yesterday.
The search comes as the plan’s incumbent will see its contract expire this year.
The commitment represents a new relationship for the plan.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group after receiving an annual share class review in February.
The Caisse de Dépôt et Placement du Québec has hired Yana Watson Kakar as managing director and head of Americas.