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Plan is seeking proposals from direct lending, opportunistic and distressed/special situations private credit funds that are currently fundraising.
The firm announced its acquisition of the private equity secondaries manager earlier this year.
The plan is seeking an international equity manager to handle a $35 million allocation.
The selected firm will also assist the plan with a search for third-party administrators.
The plan has launched a senior investment officer search for its emerging manager program and will divest from thermal coal and oil sands companies.
The contract of the plan’s incumbent high-yield fixed-income manager will expire this year.
The foundation is looking to build out its private investments over the coming years after revising its target asset allocation and significantly increasing allocations to several alternative asset classes in fiscal year 2022.
The search follows the resignation of the executive director earlier this week.
The plan hired a new investment advisor this month to replace its incumbent provider following a search from last year due to the incumbent’s impending contract expiration.
The plan will seek to commit up $300 million across multiple private credit strategies as part of an RFP scheduled to be issued on Monday.