(updated with correction)
CalSTRS plans to launch an RFP later this month for a private equity consultant to the $139.2 billion system.
The investment committee of the California State Teachers' Retirement System, West Sacramento, approved issuing the RFP on Thursday, spokesman Ricardo Duran wrote in an e-mail.
The contract of incumbent Pension Consulting Alliance expires June 30. PCA can rebid, Mr. Duran wrote.
The RFP will be posted on CalSTRS' website.
Responses are tentatively scheduled to be due in December, and finalist interviews conducted by the investment committee are expected in February. Specific dates have not been set.
Separately, CalSTRS committed $200 million to hedge fund manager Blue Harbour, which will take a lead minority shareholder role in U.S. publicly traded companies, Mr. Duran stated.