The plan is seeking two to four managers to evenly split an approximately $1 billion allocation.
The RFI has been “issued for informational purposes only.”
The cio will lead portfolio construction and deliver investment insights to ultra-high-net-worth families and family offices.
The fund surpassed its $500 million target as well as its initial $750 million hard cap.
First Eagle Investments completed its acquisition of boutique investment manager Diamond Hill Capital Management on April 22.
The plans currently work with Innovest Portfolio Solutions.
The firm raised approximately $1.1 billion in total capital commitments for two of its latest funds.
Empower currently provides the services for the deferred compensation plan.
The plans had been slated to issue the RFP following the onboarding of new investment advisor Innovest Portfolio Solutions earlier this year.