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.
The new managing directors join from Western Asset Management and Thornburg Investment Management, respectively.
The West Coast pension system closed on private equity and real estate commitments last month.
The plan also added a second bond fund option for participants last quarter.