The commitments include two new manager relationships for the plan.
The plan is seeking an investment officer for its $3.5 billion real assets portfolio.
The retirement system’s sole REIT manager handles $17 million.
The commitments include a new relationship for the plan.
The plan will seed a new strategy headed by a former senior managing director.
The pension fund may receive a recommendation on more specialized managers in the asset class later this summer.
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.