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.
The search is being conducted due to state procurement rules.
The new hire was most recently head of marketable alternatives at Meketa Investment Group.
The retirement fund will interview two firms to handle the new allocation.
The three firms will vie for a $25 million mandate next month.
The cio will retire after more than 25 years of service.
The retirement system’s incumbent consultant was last rehired in 2019 after a similar search.