The investment division last conducted an RFP for the services in 2018.
The firm appointed a senior business development director to its North American team.
The direct lending and private credit advisory firm will return to a separate and independently owned company.
The retirement system issued an RFI for the services last year and does not currently utilize a dedicated consultant for private markets.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The retirement system will hear from three international value equity managers at next month’s board meeting.
The city has roughly $73 million in investment funds overseen by Valley View Consulting.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
Plan added a real assets commitment to a prior manager relationship this week.
Former Western Asset Management co-CIO Ken Leech appeared in federal court on Monday, where he pled not guilty to charges stemming from a $600m fraud case alleging that he ‘cherry picked’ trades for favored clients over several years.