The city expects to issue an RFP and evaluate proposals by the plans’ May 7 board meeting.
The plan will continue to manage its investments in-house.
The retirement system terminated its sole public diversified real assets manager last month.
The deal “will create one of the largest active global asset management firms.”
The retirement association will issue a real estate consultant RFP this quarter due to the upcoming contract expiration of its incumbent.
The retirement fund also disclosed commitments totaling $1.1 billion in November.
The issuance of an intent to award notice is slated for May 1.
The merger is expected to close at the end of the first quarter.
MPowered Capital’s investment in A1A Investment Partners is part of its GP Structured Partnership seeding strategy.
The senior advisor and vice chair will work alongside the firm’s global head of institutional business and co-heads of global wealth.