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.
The plan will begin its search for a cio after the general manager hire is confirmed by the city.
The plan currently has $64 million invested in stable value within its participant-directed plans.