The fund will invest in commercial real estate equity as well as distressed loans and bonds.
The plan recently committed approximately $2.2 billion total to nine funds.
The cfo will be responsible for all financial aspects of the system, which oversees a defined benefit plan and two defined contribution plans.
The firm noted that it is “the largest real estate or private equity drawdown fund ever raised.”
The district expects to issue an intent to award the week of June 30.
The investment consultant will provide services for the city’s deferred compensation plan as well as its three defined contribution plans.
The county last issued a general investment consultant RFP for the plan in 2019.
He most recently served as executive director and cio of a neighboring Virginia plan.
He succeeds John Miller, who will retire on June 1 after nearly 30 years with the firm.
The plan hired a new global multi-asset credit manager and terminated its global multi-sector fixed-income manager in the fourth quarter.