The plan made two buyout commitments this month and approved a 2022 private markets pacing plan in January.
The plan has concerns with the manager’s performance and liquidity.
The search aims to identify the existing opportunities in the market and there are no minimum requirements to submit information.
Plan staff and the general consultant expect to provide educations on private debt and infrastructure in the second half of the year.
The plan will look to commit up to $50 million to infrastructure managers either through existing relationships, MWDBE managers or through a search for products in the market.
The plan has begun its high-yield fixed-income manager search
The university based in the Midwest is looking at real estate, private equity and venture capital investments.
The three firms will evenly split a $255 million mandate.
The plan will issue five RFPs this year, beginning with high-yield fixed-income this week.
A Northwestern fund made commitments totaling $950 million.