The strategic partnership will allow First Sentier to offer new asset classes and structures to clients.
The plan’s real estate committee considered two credit commitments totaling $125 million earlier this month.
The plan will hold a second round of finalist interviews in its consultant search next month and committed to an existing private equity manager in February.
The plan terminated its active international value equity manager in December due to underperformance.
The city expects to award a contract on April 20.
The plan agreed to conduct two domestic equity manager searches to potentially replace existing mandates with the same firm.
The plan added a 3% target to global infrastructure as part of a new asset allocation that was adopted yesterday.
The firm acquired an advisory team that oversees more than $5.8 billion in client assets.
The plan expects to issue a notification of award on Sept. 11.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year