The university is seeking an investment advisor for its operating funds investment portfolio.
Arctos will become a fully integrated investment unit of KKR.
The co-ceo has been with the firm since its founding in 2001.
The search is being conducted due to the upcoming June 30 retirement of Executive Director Richard Stensrud.
The plan approved a recommendation from plan staff after tabling a decision from last month.
The retirement system most recently rehired its incumbent general investment consultant in 2019.
The search is now open to core and value managers.
Private markets solutions provider P10 has entered into an agreement to acquire Stellus Capital Management.
The borough has issued an RFP seeking investment management advisory services for its $5.5 million pension plans.
The fund is slated to discuss an RFP at its February board meeting after exploring the addition of new managers in 2017 and conducting a search for firms in 2015 that was ultimately placed on hold.