The retirement plan is also expected to conduct a real estate manager search soon.
The retirement system has issued its RFP after initially approving the search in May.
The real estate commitment represents a new relationship for the plan.
The retirement system’s current manager was first hired in 2022 following a similar RFP process.
The plan also made a private credit commitment at today’s board meeting.
The agency will be responsible for managing portfolios totaling more than $2.7 billion.
The advisor will assist with reviewing, developing and monitoring investment options.
The plan also terminated two underperforming domestic equity managers.
The retirement system is conducting the search for pacing purposes.
The county last conducted a similar search in 2022.