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The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.
The plan’s full board will approve the investment committee’s commitments this week.
Thorben Hett has rejoined Pinegrove Venture Partners as managing partner.
The city expects to award a contract in June.
The deferred compensation plan conducted a similar search in 2021.
The state investment management board recently made three private equity commitments.
The authority is seeking the services for its defined benefit and defined contribution plans.
The retirement fund expects to discuss the search for Brian Collins’ successor at its Feb. 27 board meeting.
Defined benefit plans had a banner year in 2025, driven largely by higher equity exposure, according to a new report.
The search is expected to conclude in the second quarter.