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Extensive and timely coverage of the institutional industry.
The commitments were made for pacing purposes.
The hire accelerates the growth of the firm’s existing U.S. real estate credit business and expands its global private credit platform.
The plan interviewed two core-plus fixed-income managers at a board meeting last week.
The plan also retained two emerging market fixed-income managers.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
Two portfolio managers are stepping down from the Virtus Stone Harbor Emerging Markets Income Fund next month.
The city is seeking investment advisory services for its $1.5 billion investment portfolio.
Private markets co-investments have seen a steady uptick as they provide a unique opportunity for institutional investors to become better acquainted with managers, especially in today’s slow fundraising environment where GPs have motive to expand their offerings.
The pension plan’s new private credit manager will handle a $30 million allocation.