The county is seeking one or more domestic fixed-income firms to manage a portion of its operating and sales tax portfolios.
The fund was oversubscribed at its final close of $2.25 billion.
The city issued an RFP in April due to its incumbent’s pending contract expiration.
The fund closed with over $370 million in commitments.
The project basis-consultant will conduct an asset/liability study on behalf of the county’s three plans.
The private equity fund acquired two companies prior to its final close.
The plans first hired the incumbent in 2015.
The pension plan will conduct an invitation to bid to fill its 25% public real return allocation.
The pension plan terminated its incumbent domestic core-plus fixed-income manager last month due to underperformance.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.