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The plan terminated a $315 million international small-cap equity mandate due to long-term underperformance.
The RFP will be released next week due to the contract expirations of two incumbents.
The retirement fund is seeking private equity managers across buyout/special situations, growth equity and venture capital managers.
Infrastructure marks a new asset class for the retirement fund.
The township had worked with Fifth Third Bank since 2023.
Kirsty Jenkinson will oversee private markets and sustainable investment and stewardship strategies at the nearly $370 billion plan.
The council originally issued an RFP for the services in April.
The retirement system also hired new domestic small- to mid-cap equity managers in June.
The new manager replaces an underperforming incumbent that was also terminated due to organizational concerns.
The retirement system has issued its RFP seeking a U.S. small- to mid-cap equity manager to handle approximately $60 million.