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The plan is looking for a farmland manager to handle $35 million.
The plan made a $25 million re-up with an existing fund at its investment committee meeting this week while also opting to rescind a private debt commitment due to delays in deploying capital.
The plan increased its target allocations to credit and hedge funds last month and recently approved three commitments totaling $125 million.
The fund exceeded its target with a nearly 50% increase over the firm’s second fund.
The state investment commission approved issuing the RFP earlier this week.
The plan committed $10 million to an existing real estate debt manager yesterday.
The plan’s incumbent was first hired in 1997.
The fund canceled its RFP seeking a non-discretionary investment consultant to oversee its trust fund late in the fourth quarter as the consultant’s contract was slated to begin Dec. 1.
The plan will begin its search for a cio after the general manager hire is confirmed by the city.
The plan replaced its existing domestic small-cap value equity manager due to underperformance and organizational turnover.