Private Equity
The city is looking for a firm to advise on sell-side and buy-side activity of limited partnership interests.
The plan redeemed an absolute return investment and disclosed five private markets commitment.
The plan concluded two manager searches this week.
Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The search follows the plan rescinding a January commitment to a blockchain-focused fund.
The fund made a venture capital commitment to a new manager as it is to find improved valuations in the venture space.
The plan will commit up to $3.4 billion to the two asset classes.
Plan added $145.4 million in alternatives commitments through the first half of the year.
The fund will focus on investing in small and lower middle market companies.
The fund invests across a diversified portfolio of structured debt, equity and hybrid investments.