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The plan approved a $45 million commitment to the asset class at today’s meeting.
The plan approved two commitments as part of its private credit pacing plan at a meeting today.
The company has received a letter outlining a non-binding acquisition proposal submitted jointly by Trian Fund Management and General Catalyst Group Management and their respective affiliated funds.
The plan will also receive an international equity manager search report next month.
The appointment follows the recent launch of three actively managed ETFs designed to bring the firm’s AI-driven quantitative and thematic strategies to U.S. financial advisors and investors.
The retirement system’s most recent commitments totaled $615 million across four funds.
The plan made three commitments after interviewing firms in closed session last month.
The firm informed a list of municipal government entity accounts in which the firm would be closing relationships.
The city hired incumbent Fiduciary Consulting Group following a similar RFP process in 2019.
The plan rehired its incumbent consultant in 2018 after a similar search.