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The trust is seeking fixed-income investment advisory services for the management of its restricted and reserve funds.
Victory Park Capital is an affiliate of Janus Henderson Group, which will remain majority owner of the alternative investment firm.
The fund anticipates awarding five contracts in the search.
The system issued the RFP as it is looking to offer a competitive retirement plan.
The transaction is expected to close in the fourth quarter, subject to regulatory approval.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.
The town issued an RFP in April due to purchasing regulations.
The rebranding aligns the firm’s growth with its strategies that span industries and geographies.
The plan added an international large-cap value equity index manager last month.
The commitments include two new manager relationships for the council.