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The plan is seeking general and private markets consultants for due diligence purposes.
The plan’s policy requires the hire of an outside investment consultant every 10 years to review the program.
The nonprofit government entity is seeking a firm to provide the services for its over $10 billion in operating and tax-exempt assets.
PFM Asset Management currently provides investment advisory services for the trust.
The pension plan approved one credit and three real estate commitments totaling $180 million at yesterday’s investment committee meeting.
The new hire spent the past 16 years at Vanguard Group, where he most recently served as senior director of consultant relations.
The firm has lifted five new employees from Aviva Investors.
The plan is set to commit $700 million to private credit this year.
The city last conducted a similar search for its retirement plans in 2017.
The plan is in the process of identifying a replacement manager for the roughly $80 million mandate.
