The retirement system’s global growth equity manager had been on watch due to underperformance.
The retirement system will also see its pension investment analyst depart on Friday.
The pension plan made $460.6 million in total private equity/current return commitments in the first quarter.
The transaction is expected to close by the end of this year.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The search is being conducted due to the upcoming Dec. 31 contract expiration of incumbent RVK.
The pension plan made private equity commitments with two new manager relationships and one existing manger relationship in the first quarter.
The retirement system committed to three existing manager relationships in the past two weeks.
The domestic large-cap equity manager was hired as part of the board’s U.S. equity 2.0 portfolio.