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The retirement fund is targeting private equity finalist interviews at its February and March board meetings.
The pension plan appears to have replaced its domestic small-cap value equity manager in the fourth quarter.
The retirement system first considered issuing the RFP last year.
The foundation is seeking a firm to provide discretionary investment management and strategic guidance for its portfolio, which includes endowed, non-endowed reserves and scholarship funds.
The plan made $350 million in commitments for pacing purposes.
The deferred compensation plan recently replaced its domestic mid-cap value equity manager due to underperformance.
The city did not previously utilize a firm to manage its approximately $107.2 million in funds.
The city hired a new investment advisor for its more than $227 million investment portfolio.
The plan recently expanded its investment team with the hire of two investment analysts.
The pension system approved $245 million in private markets commitments over the second half of 2025.