The real assets consultant will cover non-real estate asset classes such as infrastructure, energy transition and natural resources.
The district last conducted a search for the services in 2023.
The retirement fund approved the addition of an 11% sub-allocation target to a climate transition index in the third quarter.
Mavik Real Estate Special Opportunities VS2 closed with $685 million in total commitments.
The retirement system’s incumbent executive director will retire on March 31 after nearly 30 years of service, the last decade of which came in her current role.
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.
The city is seeking non-discretionary portfolio management services for its $40 million investment portfolio.
The decision followed finalist interviews with two firms at last month’s board meeting.
The newly integrated division is now one of the largest in the country for institutional advisory services, strengthening retirement, outsourced cio and endowment capabilities across a unified national platform.
The pension fund terminated a pair of underperforming international equity managers last month.