The search is for a firm to handle the agency’s $651 million in cash and investments.
The Austin, Texas-based organization has in excess of $500 million in investable assets.
The plan’s general investment consultant recently recommended a review of domestic large-cap value equity managers due to the incumbent’s underperformance.
The retirement fund authorized commitments totaling $305 million, including one new relationship.
Fund II has received $350 million in primary commitments and $120 million in co-investments to date.
The plan is seeking the services for a yet-to-be established post-retirement healthcare trust.
The plan issued an RFP for the services at the start of the year.
The incumbent firm has provided the services since 2022 and is invited to rebid.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.