The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The upcoming search will seek potential replacements for the plan’s incumbent, which handles $477 million.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.
The search is being conducted in accordance with state procurement requirements.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The pension plan approved three commitments totaling $175 million and a private credit pacing plan this week.
The pension plan selected nine real assets equity managers for possible inclusion within its investment lineup today.
The pension plan committed up to $30 million to an existing manager relationship.
The fund is currently searching for opportunistic credit managers for its portfolio after consolidating its public credit portfolio into a passive U.S. aggregate bond index in the first quarter.
The fund approved a recommendation from its general investment consultant to add a new bank loan manager across three of its portfolios this month.