Daily Feed
The fund is considering committing to a private equity buyout fund and a co-investment with an existing investment manager within its portfolio.
The retirement system is conducting the search ahead of its incumbent’s contract expiration.
The state’s division of investment is seeking heads of private equity, real assets and real estate.
The system appears to have filled the role internally.
The investment program was created this year by state statute.
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.