The pension plan also maintained the fiscal year 2027 asset allocation policy for three of its systems this week.
The registered investment advisor channel is expected to surpass $4 trillion in assets over the next decade as market consolidation continues to accelerate, according to a new report from Cerulli Associates.
The deferred compensation plan previously conducted a search for the services in 2020.
The plans expect to evaluate proposals by their Sept. 10 board meeting.
The fund is targeting $1.25 billion in total commitments, with a final close expected within 12 months of its first close on June 8.
The pension plan hired a convertible bond manager to handle $35 million last month.
The search is being conducted due to incumbent Callan’s upcoming contract expiration.
The retirement system terminated its global large-cap growth equity manager last month.
The board also recently made a private equity commitment.
The system expects to issue a general investment consultant RFP tomorrow.