The authority received three proposals in response to an RFP issued in April.
The pension plan introduced a 2% target to real estate debt as part of a new asset allocation policy adopted last month.
The head of U.S. high-yield fixed-income will retire in March after a 30-year tenure with the firm.
The pension plan agreed to keep its executive director on paid administrative leave through September at Friday’s board meeting.
The plan hired a passive international equity manager to replace an active mandate in May.
The defined contribution plans have issued a general investment consultant RFI for best practices.
The pension plan has also hired a senior investment analyst of real assets.
The pension plan recently made $1.8 billion in total commitments across its dynamic strategies, private equity and real assets portfolios.
The pension plan’s new private credit manager will handle a $30 million allocation.
The partnership will complement and add to Janus Henderson’s $36.3 billion securitized asset business.