The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The plan approved a new long-term asset allocation that includes a maiden 4% target to private credit at its board meeting today.
The firm closed the most recent vintage of its small business lending strategy with over $580 million.
The plan began screening for several bond strategies earlier this summer.
The city hired two firms on behalf of its three retirement funds, replacing an underperforming incumbent.
The plan’s U.S. large-cap equity portfolio is now held in one passive mandate.
He joined the firm this summer as a senior advisor and now takes on a full-time role at the firm.
The incumbent provider declined to respond to the RFP issued in May.
The plan also made a real estate co-investment with the manager earlier this year.
The city has issued an RFP seeking investment advisory services for its short- and medium-term investment portfolios.