The county’s pension plan and OPEB Trust replaced their global core equity manager, which had been on watch due to underperformance, in May.
The firm has hired two managing directors to bolster its real estate debt strategy.
The private equity firm recently hired a managing director to serve on its investment team.
The pension plan committed $200 million to real assets and real estate funds last week.
The pension plan introduced a 10% private markets target, which consists of one-third real estate/real assets, last year.
The retirement plan replaced its domestic core-plus fixed-income manager yesterday.
The pension plan has hired a new domestic large-cap value equity manager to handle $375 million.
The retirement system approved a $60 million public real assets commitment in May.
The search is due to the upcoming contract expiration of incumbent Empower Retirement, which is invited to rebid.
The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.