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The retirement system will seek a core fixed-income manager to handle 11% of its fixed-income portfolio.
The city is seeking a firm to provide services for its $33 million investment portfolio.
The pension plan approved $435 million in alternatives commitments at its board meeting last week.
The commitments were part of a 2026 private equity recommendation from general investment consultant Marquette Associates.
The plan is also expected to reduce positions in U.S. small-cap and explore enhanced indexing as parts of an overall global equity portfolio roadmap discussed last week.
The current provider’s contract will expire in January.
Burnett oversees a global team of 30 investing across infrastructure primary funds, secondaries and co-investments.
Michael Krems has joined Apollo Global Management as a managing director.
The search is open to general and private markets consultants.
The plan last rehired its consultant following an RFP search process in 2020.