The plan last issued an RFQQ for the services in 2018.
The plan disclosed recent commitments with four existing managers and one new manager at its board meeting today.
The search will be conducted as part of a real assets structure review, which was approved at today’s board meeting.
The plan heard pacing plans for its private equity, private credit, real asset and real estate asset classes.
The plan is looking for replacements for its dynamic asset allocation investment.
The plan approved the addition of a real assets manager to its portfolio, which will result in the termination of one of its MLP managers for funding.
The plan is looking to hire open-ended private infrastructure and real estate funds to replace existing mutual fund investments.
The plan approved a pair of private equity commitments with existing managers and 2022 pacing plans yesterday.
A foundation based in the Midwest is among a group of institutional investors that has committed to a value-add real estate fund focused on diverse-owned real estate operators or enterprises.
The plan made private equity and infrastructure commitments this month and will consider a 2022 private markets pacing plan this week.