Searches And Hires
The commitments were part of a 2026 private equity recommendation from general investment consultant Marquette Associates.
The plan is also expected to reduce positions in U.S. small-cap and explore enhanced indexing as parts of an overall global equity portfolio roadmap discussed last week.
The search is open to general and private markets consultants.
The plan last rehired its consultant following an RFP search process in 2020.
The retirement trust doubled its allocation to a recently hired real estate manager at its board meeting this week.
The search will seek an integrated consultant for performance and benchmarking measurement.
The investment board has also made up to $1.4 billion in new commitments.
The city last completed a search for the services in 2021.
The retirement system replaced one of its domestic large-cap value equity managers due to concerns about succession planning.
The selected firm will manage the retirement plan’s entire balanced portfolio.