The trust fund recently selected a firm to serve as its general investment consultant and help oversee its portfolio following a launched last year.
The university has been looking to reduce its exposure to short-term fixed-income.
The plan is considering diversifying its real estate portfolio to include non-core strategies.
The deferred compensation plan terminated two domestic equity managers and an intermediate core-plus bond manager in the third quarter.
The retirement system issued an RFI for the services last year and does not currently utilize a dedicated consultant for private markets.
The pension plan will consider approving one credit and three real estate commitments totaling $180 million at its Jan. 9 investment committee meeting.
The retirement system has issued two RFPs in accordance with state regulatory requirements.
The county rehired its two domestic fixed-income managers to handle a portion of its operating and sales tax portfolios last month.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The farmland manager will handle mandates totaling $28 million for two pension plans.