The system is seeking small-cap strategies as part of a U.S. public equity manager RFQ launched this month.
Blackstone will bring additional global scale and alternative asset leadership to Empower’s retirement plan private markets program.
The retirement fund intends to allocate at least $200 million to open-ended, diversified core and core-plus infrastructure equity funds.
The retirement fund intends to allocate at least $200 million to open-ended, diversified core and core-plus infrastructure equity funds.
The city is seeking portfolio management services for approximately $100 million in operating and capital funds.
The private equity firm also announced a trio of promotions.
The plan added $560 million in recent commitments across private equity, infrastructure and real estate.
Fund IV exceeded its $500 million target, closing with $521 in total commitments.
The plans conducted a similar search for the services in 2020.
The rebrand reflects the global equity firm’s growth, broadened investment capabilities and commitment to delivering disciplined, research-driven global equity solutions for clients, capturing its identity and differentiated perspective.