Sheridan Capital Partners has closed its fourth fund at its hard cap with $1.1 billion in total institutional capital commitments.
The plan issued an RFP in June ahead of its incumbent’s contract expiration.
Michael Chambers has joined TCW as a managing director in its institutional advisory group.
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The city is seeking services for its $450 million in operating and capital funds.
The town approved the search in May to “see what else is out there” after hiring its incumbent firm in 2014.
The plan’s board also voted to place a domestic large-cap value manager on watch.
Audax Private Debt has closed its third direct lending fund, representing the largest in the firm’s history.
The partnership matches the firms’ expertise in fixed-income, inflation-sensitive and small-cap equity strategies.