The plan has $39 million remaining to be committed to three private equity funds in 2023.
The search will begin in the next three to six months due to the upcoming contract expiration of the incumbent.
The RFP is being issued because a number of infrastructure managers are coming to market this year.
Northleaf Secondary Partners III is more than 60% larger than the firm’s predecessor fund.
The plan made commitments totaling $500 million to three funds and retained its incumbent to advise on its defined contribution plans last week.
The plan will invest $100 million into a private equity fund-of-one over the next five years.
The plan could look to add private equity as current valuations begin to decline.
The plan rehired its real estate consultant at a board meeting last week.
The plan is looking for a farmland manager to handle $35 million.
The plan made a $25 million re-up with an existing fund at its investment committee meeting this week while also opting to rescind a private debt commitment due to delays in deploying capital.