The pension plan expects to interview finalists at a Jan. 19 board meeting.
The city council expects to award a contract at its Jan. 22 meeting.
RidgeLake Partners’ passive minority investment will provide Gridiron Capital with long-term capital to support its ongoing growth.
The investment advisor will serve for a three-year term.
The retirement system hired two active domestic fixed-income managers and approved a structure for its new private debt portfolio today.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The fund has already deployed over 50% of its commitments.
The pacing plan calls for between $130 million and $160 million in new private equity commitments next year.
The hire concludes an investment advisor RFP search launched in August.
The retirement system will consider hiring two active domestic fixed-income managers and approving a structure for its new private debt portfolio this week.