The retirement system does not currently use an investment consultant.
The plan also held executive director interviews last week.
The previous director of research will become a full-time consultant.
The plan is seeking an investment analyst for its $5.5 billion diversifying strategies portfolio.
The retirement fund made two commitments last month as part of its annual pacing plan.
The public utility fund approved a venture capital commitment earlier this month.
The retirement system approved the search at last week’s board meeting due to an upcoming contract expiration.
The plan approved the search at a board meeting yesterday for pacing purposes.
The retirement plan interviewed three consultant finalists for its alternatives portfolio.
The retirement system will issue an RFP for lower middle market buyout funds.