The pension plan made two commitments with existing manager relationships last month.
PFM Asset Management currently provides investment advisory services for the city’s investment funds.
The commitments were part of a 2025 private equity recommendation from general investment consultant Marquette Associates.
The fund hit its $2.3 billion hard cap in six months.
The pension plan has worked with incumbent Atéssa Benefits since 2015.
The direct lending fund exceeded its initial fundraising target.
Director of Asset Allocation and Strategy Michele Mazzoleni departed the plan last month.
The retirement fund disclosed commitments totaling $4.5 billion in September.
The pension plan was notified of two commitments totaling $257.5 million at its Nov. 13 board of investments meeting.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.