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The firm saw the departures of a Senior Private Markets Consultant and Portfolio Manager Sam Geschickter earlier this year.
The plans are looking to consolidate retirement services to a single firm.
The retirement system adjusted its target asset allocation to optimize its real assets allocation at a March meeting.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The village expects to select a firm at its Aug. 4 board meeting.
The retirement system will interview two growth and two value finalists next month.
The new global chief investment strategist has been with the firm for more than 10 years.
The retirement board last rehired its incumbent following its last search in 2018.
The commitment is consistent with the pension plan’s goal of adding geographic diversification to its core real estate portfolio.
The retirement system approved the RFP at yesterday’s board meeting.