The retirement system added a maiden 5% private credit target as part of a newly approved asset allocation in September.
The retirement system is conducting the search ahead of its incumbent’s contract expiration.
The retirement system will seek a core fixed-income manager to handle 11% of its fixed-income portfolio.
The commitments were part of a 2026 private equity recommendation from general investment consultant Marquette Associates.
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.