The plan is conducting the search to see what other options are available in the market.
The plan could allocate up to $500 million to U.S. or global long-only strategies.
The combined firm will have approximately $750 million in assets under management across five equity strategies.
The retirement board wrapped up domestic equity, non-U.S. equity and fixed-income searches at its board meeting this week.
The search is due to the upcoming contract expiration of incumbent Meketa Investment Group.
The plan hired Albourne as its new strategic investments consultant and brought on Aksia for its private credit portfolio.
The plan’s options could range from minor tweaks to the addition of private equity and emerging markets equity allocations.
The firm hired a v.p. of business development to oversee the strategic development of its intermediaries initiative.
The plan will allocate 10% of its portfolio to risk mitigating strategies as part of a new asset allocation.
The plan replaced the TCW Total Return Bond Fund at its Oct. 16 meeting.