Daily Feed
The authority has opted to retain its incumbent following a search launched in September.
She will retire early next year after serving on the firm’s U.S. Real Estate Income and Growth Fund for over 14 years.
The selected consultant will be responsible for fund menu advice and selection and investment manager/mutual fund searches and evaluation, among other responsibilities.
The plan’s incumbent consultant will see its five-year contract conclude next year.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
The firm closed on $2.2 billion in commitments for secondary investments in the software market.
The plan located in our nation’s capital approved a search for active international equity managers.
The pension plan made two commitments with existing manager relationships last month.
PFM Asset Management currently provides investment advisory services for the city’s investment funds.
The commitments were part of a 2025 private equity recommendation from general investment consultant Marquette Associates.