The plan committed to two funds after interviewing five finalists this month.
The retirement plan hired a new consultant for the first time since 2009.
The managing principal has led the firm’s sustainability efforts since 2022.
Nearly $2.2 billion in assets are up for bid across the searches.
The retirement system created a 3% target to the asset class in February.
The pension plan is conducting the search as part of a periodic competitive process.
The county government is seeking record keeping services for its deferred compensation plan.
The search follows a private markets pacing schedule presented to the retirement system in January.
The retirement system’s current emerging markets equity manager was first hired in 2019.
The selected firm will handle the city’s various accounts totaling $716.6 million.