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Retirement system is seeking a pool of managers to provide the services.
Fund was oversubscribed and closed above its initial hard cap of $6 billion.
The assets will be indexed and no replacement search is planned.
The search is being conducted due to incumbent Empower Retirement’s upcoming May 31 contract expiration.
The plan has filled its executive director vacancy from another retirement system in the state.
The plan hired a pair of domestic small-cap growth equity managers last week.
The university revised the target asset allocation for its endowment last year, pivoting toward absolute return investments as well as public and private equity.
The firm has added three senior-level members to its real estate platform.
The foundation approved a new investment policy statement and revised its target asset allocation, including maiden short-duration fixed-income and cash targets last week.
The foundation is reviewing responses to an invitation-only RFP for an impact investment consultant and hopes to conclude the process by the end of February.