The firm will see its director of research and co-portfolio manager of the small-cap growth equity strategy retire late next year.
The internal investment pilot is part of the board’s efforts to enhance investment outcomes.
The firm has closed its fifth and largest dedicated aviation fund.
The commitment represents a new relationship for the city’s three pension plans.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The firm’s employee ownership has grown to more than 70 shareholders.
The pension plan will also consider candidates in its executive director search next month.
The search follows the Jan. 3 departure of Chief Financial Operating Officer Ryan Skor.
The retirement system made a $25 million private equity commitment last month.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.