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The fund was raised within four months of its launch.
The plan has selected four firms for further due diligence and evaluation.
The plan is seeking a manager to handle a $6 million mandate.
Former Western Asset Management co-CIO Ken Leech appeared in federal court on Monday, where he pled not guilty to charges stemming from a $600m fraud case alleging that he ‘cherry picked’ trades for favored clients over several years.
The new managing directors join from Western Asset Management and Thornburg Investment Management, respectively.
The retirement board’s latest search is required by state statute.
The city issued an RFQ in October seeking the services for its $25 million portfolio.
The West Coast pension system closed on private equity and real estate commitments last month.
The plan interviewed a total of five firms at today’s board meeting.