Kudu Investment Management has made a passive minority investment in RiverNorth Capital Management.
The plan expects to issue the RFP before the end of the month.
BlackRock will acquire the global credit investment manager for approximately $12 billion.
The plan will look to hire five firms after launching a search in January.
The plan will further review potential emerging markets equity manager replacement options in January.
He will focus on cultivating Blackstone’s relationships with the consultant community and will also assist the firm’s private capital group.
The plan is slated to select a shortlist of managers at its investment committee meeting next week.
The plan was slated to hire a consultant at its board meeting last week after launching a search in September.
The plan interviewed two firms earlier this month as it looks to replace Western Asset Management.
The plan’s investment consultant will present potential alternatives at its next investment committee meeting.