The plan last rehired its consultant following an RFP search process in 2020.
The search will seek an integrated consultant for performance and benchmarking measurement.
The rebrand marks the completion of Performance Equity Management’s integration into Sagard’s global middle market private equity platform.
The retirement system replaced one of its domestic large-cap value equity managers due to concerns about succession planning.
The minority investment is being made via Wafra Inc.’s Strategic Partnerships platform.
The town received eight submissions in response to an RFQ issued in August.
The retirement system first approved a draft general investment consultant RFP at its investment committee meeting last week.
The plan invested $185 million in a fixed-income strategy last month.
The new hire will lead the firm’s defined contribution distribution team.