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Blue Sage Capital closed its oversubscribed credit fund at $287 million.
The search comes after the plan received an education on below investment grade multi-asset credit managers this week.
The investment officer departed the plan last month to join the Qatar Investment Authority.
The search is being conducted due to the closure of one of the retirement system’s investments.
The retirement fund disclosed eight commitments totaling $1.1 billion in July.
The selected firm will provide non-discretionary management of the city’s safekeeping account.
The senior investment professional will serve in a generalist position and “play an integral role” on the plan’s investment team.
DigitalBridge Group has hired Wendy Pryce as a managing director.
Meridiam has closed its fourth North America infrastructure fund with more than $1.8 billion in commitments.
The plan most recently rehired its incumbent in 2019.