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The plan last conducted a search for the services in 2017, when it rehired its incumbent.
The plan finalized an additional $15 million commitment earlier this week.
The watch placement comes as the firm’s global cio resigned last month.
The alternatives operational due diligence consulting firm recently hired a director to join its 10-member team and help provide operational due diligence for institutional investors and investment managers.
The system approved a recommendation to fully redeem a fixed-income investment from its operating pool and reallocate the proceeds among managers in its long-term pool for liquidity needs.
The firm will host its inaugural Public and Private Mission Driven Investing Manager Research Day at the end of the fourth quarter and is seeking firms to participate in interviews about their strategies.
The institution approved completely liquidating a domestic large-cap growth equity strategy and an Asian hedge fund strategy last quarter.
The selected firm will establish a Section 115 Trust for the city over the next 60 to 90 days.
The fund expects to receive recommendations to add new multi-strategy hedge fund and international equity managers to its portfolio this month after making a private credit commitment at the end of the third quarter.
The firm has hired a managing director to oversee its investor relations and business development efforts as well as deepen relationships with existing and prospective investors.