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The search is open to core and core-plus real estate managers.
The plan will consider swapping one target-date fund manager for Vanguard Group to cut costs.
The firm’s new managing director joins from Epoch Investment Partners.
They will help source new transactions, perform due diligence and support portfolio company management teams.
The plan committed $50 million to a new venture capital manager last week.
The plan liquidated its $8.5 million hedge fund-of-funds mandate in May.
The plan will issue an RFP for general and alternatives consulting services next week.
The new commitment follows one the plan made to a predecessor fund in 2019.
The plan is seeking a new executive director to replace Bob Wilson, who will retire later this year.
He will implement investment strategy and oversee portfolio construction and trading.