The selected firm will provide fiduciary and investment advisory services for the plans.
The city is seeking help in developing an investment committee and investment policy statement.
The retirement plan committed to three firms following finalist interviews held yesterday.
The plan is searching for managers to handle more than $850 million.
The plan hired several managers at its board meeting today, totaling more than $1 billion.
The commitments conclude a real estate search that began last year.
The plan has current managers in the two asset classes.
The commitments include maiden investments in private credit.
The plan conducted a search earlier this year due to the incumbent’s expiring contract.
The plan is searching for infrastructure managers after creating a maiden target to the asset class last year.