The retirement fund returns to a previous general investment consultant relationship after changing firms following a similar search process conducted in 2019.
The consultant will provide advice related to investment policies and asset allocation.
The search will be opened to high-yield corporate debt, leveraged loans, securitized credit and convertible bond strategies.
The pension plan committed $200 million to real assets and real estate funds last week.
The plan’s incumbent has been serving in the role since 2017.
The plan began a search in January for an investment consultant.
The pension plan introduced a 10% private markets target, which consists of one-third real estate/real assets, last year.
The approval comes as the plan’s five-year contract with its current consultant is ending.
The county deferred compensation plan conducted a similar search for the services in 2017.
The pension plan’s investment committee added two $25 million commitments this week.