Daily Feed
Co-Investment Fund VI closes with an oversubscribed $2.5 billion in committed capital.
Empower currently provides the services for the deferred compensation plan.
The plans had been slated to issue the RFP following the onboarding of new investment advisor Innovest Portfolio Solutions earlier this year.
City manager and council approval of a selected firm are scheduled for Aug. 10.
The retirement system also hired two managers in its emerging markets equity search.
The latest flagship fund closed with approximately $2.4 billion in total capital commitments.
The retirement system added commitments to one new and one existing manager relationship last week.
The private markets and funds alpha cio had been with the plan since 2020.
The consulting firm named a new global cio to lead its investment capabilities from research to investment solutions and performance across traditional and alternative asset classes.
