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The firm’s second institutional fund was oversubscribed and closed with $1.13 billion in total capital commitments.
The investment firm, which was founded this year, closes its inaugural private equity fund $50 million above its target fundraise in less than five months.
The search is being conducted to comply with standard state regulatory compliance.
The plan is also searching for an emerging markets ex-China manager.
Institutional investors are focused on the long-term capabilities and expertise of a manager when making selections for an investment mandate.
The retirement system also disclosed a high-yield bond manager hire to complete a search launched last year.
The retirement system approved a commercial mortgage-backed securities commitment last month.
The private equity firm added two new associates this month.
The pension plan hired two equity managers and replaced its existing money market manager in the second quarter.
The city last issued an RFP for the services in 2021.