The firm surpassed its fundraising goal by more than $200 million in capital commitments.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.
The retirement system selected a new manager following three finalist interviews held last week.
The retirement fund terminated three managers at last month’s investment committee meeting.
The search stems from a manager termination approved in September.
The city is seeking the services on behalf of its $8 million 457 deferred compensation plan.
The plan’s existing large-cap growth manager had underperformed.
The retirement system is scheduled to select three finalists in its international equity manager search next week.
Fund IV marks the firm’s largest today at $309 million in equity commitments.
The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.