Plan committed $50 million to a new core-plus real estate manager this month.
Search will help move the plan’s private equity portfolio closer to target.
The plan decided to stick with its general investment consultant following an RFP search.
The searches will go live on May 2.
The plan replaced the cash overlay provider for its Commingled Trust Fund and approved two private equity commitments yesterday.
Plan staff and general investment consultant Verus will conduct on-site due diligence of the four firms.
The city retained incumbent Innovest Portfolio Solutions after issuing an RFP last year.
The plan disclosed four private equity commitments to new and existing managers today.
The plan hired a passive international equity manager in an effort to implement a hedging program and will see their first investment officer depart next week.
Credit and venture capital commitments were made with three existing managers yesterday.