The city’s deferred compensation plan currently has three investment consultants.
The plan’s incumbent was rehired in 2015 following a similar RFP process.
The retirement system conducted a similar search in 2016 when it rehired its incumbent manager.
The finalists will present their middle market private credit strategies next month.
The firm will be tasked with assisting on an upcoming record keeper search.
The firm will see the retirement of one of five portfolio managers on its U.S. small-cap growth equity team at the end of June.
The plan will hire an additional firm in August as part of its multi-asset credit search.
The plan represents the consulting firm’s first Mass.-based client.
The plan’s incumbents manage more than $1.2 billion.
The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.