The fund will provide senior secured debt capital to middle market North American businesses.
The city will award a contract by Oct. 15.
The commitment represents a new relationship for the plan.
The county’s new investment manager will replace incumbent Sterling Capital Management.
The city is seeking a firm to establish and oversee a Section 115 trust.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The deal is expected to close later this year and will see HighVista Strategies gain approximately $4 billion in assets under management.
She assumed the interim executive director/cio role following the resignation of Executive Director/CIO Eli Martinez in April.
The plan approved a new real estate manager structure that factored in the implementation of a recent manager hire and adopted a new asset allocation last month.
The fund is co-managed by Executive Managing Member and CIO Tony Yoseloff and Managing Member of Global Credit Conor Bastable.