The search follows underperformance within the asset class.
The plan interviewed four finalists in the search last month.
The city is seeking a provider for its four defined contribution plans.
The plan approved two private credit commitments for pacing purposes at its board meeting today.
The pension fund hired two firms to split a 6% allocation.
The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The plan will interview two firms in its general investment consultant search.
The plan also added a new 6% target to private credit.
The plan will commit a total of $330 million to the asset class for fiscal year 2026-2027.
The search is open to core and non-core real estate and infrastructure managers.