The plan’s current real assets consultant will see its contract expire this year.
The retirement system is searching for a firm to conduct a one-time asset allocation review.
The search is open to real estate debt, opportunistic and value-add funds.
The retirement system is seeking a Standard & Poor’s 400 Index manager.
The director will be responsible for developing, launching and managing the new program.
The two commitments were made for pacing purposes.
The plan is considering a 5% dedicated allocation to the new asset class.
The plans are looking to consolidate retirement services to a single firm.
The retirement system will interview two growth and two value finalists next month.
The retirement board last rehired its incumbent following its last search in 2018.