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The retirement association made 13 commitments totaling more than $900 million.
The manager had been on watch since 2024 due to underperformance.
Leonard Green & Partners has closed its inaugural program dedicated to investing in primarily single-asset continuation funds and third-party private equity managers.
CVC Capital Partners has agreed to acquire 100% of global credit manager Marathon Asset Management in a cash and equity transaction.
The plan is seeking emerging market debt strategies to invest 1.5% of its assets.
The retirement system also considered approving a 2026 private markets pacing plan last week.
The plan will issue the RFP to evaluate the international growth equity landscape.
The contract with the new consultant, which was approved in December, stems from an RFP process launched in the third quarter.
The city issued an RFP seeking a general investment consultant in August.
The plan will conduct interviews with the finalists in February and expects a final recommendation in early March.