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The plan also retained two emerging market fixed-income managers.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
Two portfolio managers are stepping down from the Virtus Stone Harbor Emerging Markets Income Fund next month.
The city is seeking investment advisory services for its $1.5 billion investment portfolio.
Private markets co-investments have seen a steady uptick as they provide a unique opportunity for institutional investors to become better acquainted with managers, especially in today’s slow fundraising environment where GPs have motive to expand their offerings.
The pension plan’s new private credit manager will handle a $30 million allocation.
The partnership will complement and add to Janus Henderson’s $36.3 billion securitized asset business.
The firm removed the interim tag from a team member who had been leading global sales in the client service and marketing group since last June.
The retirement association is considering the two asset classes to replace its commodities portfolio.