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.
The plan had worked with its incumbent investment manager since 2022.
The retirement system also recently approved a maiden private credit commitment.
The retirement system approved a contract with a domestic core fixed-income manager last month.
Fifth Third Bank and Nuveen currently provide investment management services for the city.
The firm will open a new office in West Palm Beach, Fla. on Aug. 1.