The selected consultant will be responsible for fund menu advice and selection and investment manager/mutual fund searches and evaluation, among other responsibilities.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
The firm closed on $2.2 billion in commitments for secondary investments in the software market.
The pension fund concluded a general investment consultant search by selecting its incumbent this week.
The authority is seeking the services on behalf of its defined benefit, 457(b) and 401(a) plans.
The plan added commitments in the private equity, credit and real estate asset classes.
The plan added a follow-on commitment to a healthcare-focused private equity firm this week.
The retirement trust will interview two core real estate managers at its February board meeting.
The firm’s new head of tactical asset allocation joins from Wellington Management Company.
Selected firm will handle services that include developing and implementing sound investment strategies.