The pacing plans call for a total of $835 million across the two asset classes.
The plan expects to launch the search in January as its incumbent’s contract is slated to expire on June 30.
The search will be conducted as part of a new policy to review vendor services every five years.
Plan is seeking closed-end funds for a $10 million to $15 million mandate.
The commitments include two custom mandates.
The pension plan’s investment committee approved commodities, fixed-income and private credit commitments last week.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The global asset manager has raised approximately $1 billion for an energy transition infrastructure fund.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The plan recently made five real assets and venture capital commitments.