Infrastructure
The search is open to equity-focused, open-ended strategies.
The plan created a 3% target to multi-asset credit earlier this year.
The fund reviewed proposed changes to the target asset allocation for its trust funds portfolio last month, including increases to private equity, public equity and private infrastructure.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
Infrastructure marks a new asset class for the retirement fund.
The firm is targeting a $2.5 billion close for its second energy and power infrastructure credit fund.
The system approved an infrastructure commitment with a new manager alongside buyout and venture commitments with existing managers within its endowment this month.
Commitments to the private infrastructure fund market ticked up amid a stronger fundraising environment as institutions seek strategies that offer inflation protection and stability.
The retirement fund has disclosed $215 million in recent alternatives commitments.