The retirement system’s upcoming search will comply with state procurement laws.
The plan committed to two funds after interviewing five finalists this month.
The retirement plan hired a new consultant for the first time since 2009.
The managing principal has led the firm’s sustainability efforts since 2022.
Nearly $2.2 billion in assets are up for bid across the searches.
The retirement system created a 3% target to the asset class in February.
The pension plan is conducting the search as part of a periodic competitive process.
The county government is seeking record keeping services for its deferred compensation plan.
The search follows a private markets pacing schedule presented to the retirement system in January.
The retirement system’s current emerging markets equity manager was first hired in 2019.