The hire coincides with Cliffwater’s efforts to expand its dedicated investment team for the Cascade Private Capital Fund.
The city received five proposals in response to an RFP seeking investment management and advisory services.
The pension plan approved a fiscal year 2025 real estate investment plan on Friday that calls for $240 million in total commitments to the asset class.
The new deputy cio of private markets has been with the plan since 2022.
The pension plan hired a private debt manager and a private equity fund-of-funds manager to each handle 2% allocations in February.
The plan recently hired a fixed-income credit analyst and real estate investment analyst.
The new head of asset management has been with the firm since 2010.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The pension plan eliminated its 5% real estate target as part of a new asset allocation policy approved in the first quarter.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.