The commitments include two new manager relationships.
The new analyst joins from another investment consulting firm.
The commitment was made in accordance with its pacing plan for the asset class.
Michael Malchenko, who was hired as Santa Clara (Calif.) Valley Transportation Authority’s new cio last month after the position had been vacant for nearly two years, took the time to answer five questions with FIN-News.
The change follows an RFP process that began in April.
The plan is looking to consolidate its consulting services into two contracts.
The investment officer departed the plan after joining four months ago.
The Climate Action Plan calls for $100 billion in climate solutions investments by 2030.
The city made private equity commitments on behalf of its retirement plan and OPEB trust in June.
The plan is seeking firms that offer North American-focused fund-of-funds.