Alternatives
The fund and its general investment consultant will consider segmenting the fixed-income allocation into core investment grade and return-seeking credit.
The $100 million investment followed finalist interviews at this month’s board meeting after the fund launched a search in late 2025.
The retirement system also hired two value-add real estate managers today.
The city’s two retirement systems committed $12 million apiece for pacing purposes.
The plan made up to $90 million in commitments at today’s board meeting.
The plan’s full board will approve the investment committee’s commitments this week.
The pension plan will consider several alternatives commitments at its board meeting next week.
The retirement fund added a pair of commitments to existing manager relationships last month.
The consulting firm added a senior director to its real assets team in late 2025.
The trust will commit $100 million in total this year.