The retirement system hired five managers to each handle between $50 million and $75 million yesterday.
The firm has added a four-member team from PIMCO to build its new private real estate credit platform.
Public Trust Advisors currently provides investment advisory services for the city.
The plan replaced its domestic core-plus fixed-income manager, which had been on watch for underperformance, in the fourth quarter.
The fund surpassed its $1 billion initial target.
The firm will provide pension administration and investment management services for the authority’s $5.2 million Money Purchase Pension Plan.
The senior corporate analyst joined the firm from General Atlantic this month.
The retirement system approved a private equity fund-of-funds commitment to an existing manager relationship at yesterday’s board meeting.
Incumbent RVK will see its contract expire on Dec. 31.
The executive director has been with the retirement system since 2008.