The retirement system also made a private equity commitment last month.
The retirement system is seeking one or more direct lending managers.
The current provider will see its contract expire at the end of the year.
The city’s two retirement plans terminated an underperforming manager last month.
The plan doubled its value-add real estate target allocation over the summer.
The plan is set to receive an infrastructure pacing plan at a board meeting tomorrow.
The deferred compensation plan’s incumbent stable value fund manager will see its contract expire next year.
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system will interview the firms in November for $1.3 billion in total mandates.
The firm will provide investment consulting services for the county’s soon-to-be merged asset pools.