Federal prosecutors have been investigating the financial transactions of the D.C. Retirement Board, which manages the city’s $10 billion pension fund for retired teachers, police officers and firefighters.
The plan is looking to hire open-ended private infrastructure and real estate funds to replace existing mutual fund investments.
The plan is looking to invest $600 million in non-core and core real estate managers.
The plan invested in two core-plus real estate managers after interviews held today.
Private credit consultant search follows the evolution of the plan’s non-core fixed-income portfolio.
The plan last conducted a consultant search in 2015.
The plan hired two domestic small-cap value equity firms after interviewing finalists at today’s board meeting.
The plan will issue the RFP next month to seek a balanced ESG-focused investment option
The plan is seeking its first dedicated non-discretionary private credit consultant.
The plan will look to commit $240 million to private debt this year.