The two incumbents were the only firms that submitted proposals.
The city hired two equity managers and three private markets firms.
The plan selected a manager after interviewing three finalists last month.
The firm had been scheduled to present today but decided against attending due to the city’s state of emergency.
Plan’s new private equity head comes from a nearby state plan.
The administrator would be responsible for a deferred compensation plan and a health savings plan.
The plan’s board is slated to approve Wilshire as its new general investment consultant this week.
The position was created by city council in 2022.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The search is for value-add managers to handle up to $7 million.