The plan approved the search at its board meeting earlier this week and has a 6% target to global multi-sector fixed-income.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The alternative investment firm has added a head of institutional distribution to its team to oversee its sales and marketing efforts.
The plan hired a new domestic large-cap core equity manager to replace its underperforming incumbent.
A look at Black-owned asset managers with more than $1 billion in assets under management.
The firm’s contract was set to expire later this year.
The plan currently has a delegated investment services relationship with Willis Towers Watson.
The new position will focus on optimizing the firm’s fundraising and business development efforts.
The plan made a $10 million growth equity commitment at its May meeting.