The plan has issued an RFP seeking non-discretionary consulting services.
The plan will receive presentations from a credit manager and a farmland manager in the coming months.
The close brings Blackstone’s global direct lending platform to over $123 billion in assets under management.
The plan also removed a manager from the watch list.
The firm has closed its eleventh fund at its hard cap of $4.5 billion.
The city previously hired the firm in 2020 following a similar search.
She will take over responsibilities from the firm’s retiring managing director of business development and client relations.
The change comes after terminating its active manager, which failed to meet its performance objective and has showcased organizational risk.
The city anticipates allocating $1 billion in pooled cash resources between two firms and the state local government pool.
The district is seeking investment services for its 401(a) and 457(b) plans, which have a combined $7.7 million in assets.