The plan also terminated three equity mandates as part of a domestic equity portfolio restructuring.
The officer will serve as a generalist focusing on primary and direct investments.
The retirement system will undertake a nationwide search for a successor.
The plan launched a search over the summer due to performance concerns with two incumbents.
The current cio is set to retire after more than five years in the position.
The retirement system also made a private equity commitment last month.
The retirement system is seeking one or more direct lending managers.
The current provider will see its contract expire at the end of the year.
The city’s two retirement plans terminated an underperforming manager last month.
The plan doubled its value-add real estate target allocation over the summer.