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The plan last conducted a similar search in 2021.
The authority’s investment portfolio is currently held in money market funds and various U.S. securities.
The plan also made two private markets commitments last month.
The firm’s seventh direct co-investment program surpassed its $4 billion target.
The head of U.S. real estate at UBS Asset Management departed the firm last month.
The plans currently work with general investment consultant Innovest Portfolio Solutions.
The deadline for applications in the search is July 21.
The firm will manage a total of $70 billion between the two corporate plans.
The plan concluded its global equity manager search with a replacement for one existing firm.
An investor consortium led by B Capital and including the $625.7 billion California Public Employees’ Retirement System has agreed to acquire Russell Investments.
