Plan’s board committed $160 million to an existing infrastructure manager and was notified of a private equity commitment this week.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.
Plan invested with two international equity managers and a direct lending manager yesterday.
Plan expects to receive a recommendation in October.
Plan’s hedge fund committee considered terminating a hedge fund manager and adding two commitments last week.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
City prefers to remain with a single provider for its defined contribution plans.
New policy increases the plan’s targets to private assets.
Plan made a real estate debt commitment and increased its existing core real estate investment with an existing manager this week.
Plan selected Siguler Guff & Company over Brooke Private Equity Advisors yesterday.