The retirement system’s international small-cap portfolio consisted of a $57.8 million core mandate with Global Alpha Capital Management.
PGIM initially acquired a 75% stake in Deerpath Capital Management three years ago.
The director had been with Allianz Global Investors for 10 years.
The retirement system hired a new domestic small-to mid-cap core equity manager in the second quarter.
The county received five proposals in response to an RFP issued in September.
The retirement system also appointed a new operations officer today.
PFM Asset Management currently provides the services for the city.
The retirement systems also disclosed co-investments yesterday.
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The combined closings bring Francisco Partners’ total capital raised to more than $75 billion.