The plan has issued its RFP for minority-, women- and diverse-owned private equity managers to handle up to $50 million.
The plan committed $50 million to a fund focusing on U.S. industrial warehouse opportunities.
The search comes less than a year after the fund hired its current real estate consultant.
The plan committed a total of $25 million across four funds at its March board meeting.
The plan will receive a search report from its general investment consultant next month after opting to terminate its existing manager, which had been on watch for performance since 2019.
The plan made a follow-on commitment to Belay Investment Group.
The manager will handle a nearly $5 billion Russell 3000 Index portfolio for the plan.
The plan will make an initial $10 million investment in its first dedicated emerging markets equity manager.
The plan will invest more than $90 million overall in two existing relationships.
The foundation has issued an open-invitation RFI after finding a “disappointing lack of diversity” in its initial research into firms.