The pension plan hired a new domestic large-cap growth equity manager and committed to an existing opportunistic real estate manager today.
The pension plan will consider tweaking its asset allocation for fiscal year 2024 at its board meeting tomorrow and disclosed commitments totaling $450 million at today’s investment advisory committee meeting.
The pension plan terminated an existing hedge fund manager and committed to a new infrastructure manager in September.
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.