The city currently works with Meeder Investment Management.
The fund makes opportunistic investments in senior loans and real estate securities in the U.S. and Western Europe.
The retirement system made private equity commitments totaling $19 million in January.
The firm’s new managing director will focus primarily on sourcing, analyzing and managing private market investments on the West Coast.
The fund has more than $7 billion invested or committed for investment in businesses that are diversified across geographies, sectors and asset classes.
The search is being conducted due to the upcoming contract expiration of incumbent CAPTRUST Financial Advisors.
Incumbent discretionary/outsourced cio Wilshire has underperformed for the one- and five-year periods ending Dec. 31.
The new hire will oversee the firm’s investment activities alongside Co-CIO and Vice Chair Pablo Calderini.
The director will lead the public markets manager research team and oversee the investment process.