The retirement system will conduct the search due to the expiring contract of its incumbent.
The pension board will also target $1 billion to non-traditional equity strategies.
The commitments were made this year under delegated authority.
The retirement plan hired a core-plus fixed-income manager to complement its more conservative incumbent.
The retirement system first considered issuing the RFP last year.
The plan made $350 million in commitments for pacing purposes.
The retirement system most recently rehired its incumbent general investment consultant in 2019.
The search is now open to core and value managers.
The plan will target $600 million to private credit this year.
The plan made several changes as part of a total equity structure review at today’s board meeting.