The commitments include two new manager relationships for the council.
The plan is looking to invest up to $35 million across the two strategies.
The retirement system approved issuing the RFPs last month due to standard state procurement laws.
The plan will look to conclude its private markets consultant search next month.
The retirement plan will seek board approval to add two domestic equity managers on watch next week.
The retirement system established a new 5% target to the asset class last year.
The new asset allocation includes a 5% private credit target.
The commitments fulfill the plan’s private markets pacing schedule this year.
The retirement system rehired its incumbent following a similar search in 2018.
The county last conducted a similar RFP in 2020.