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The selected firm will provide investment advisory and portfolio management services for its $315 million in operating and capital funds.
The retirement system is also watching a hedge fund manager due to underperformance.
The plan last conducted a similar search in 2020.
Institutional investors increasingly sought comfort and partnerships with investment consultants that provide expertise on alternative and private markets asset classes as 2024 came to a close.
Invesco Direct Lending Fund II closed alongside similar vehicles with a total of $1.4 billion of investable capital.
The retirement system also increased its fixed-income target at the expense of real estate.
The agency is seeking the services on behalf of its $129 million investment portfolio.
The plan has awarded approximately $1.2 billion across three managers.
The plan’s sole active large-cap growth equity manager has underperformed its benchmark.