The plan discussed a commitment at its March investment committee meeting and will further review the recommendation later this month.
The city launched a search last year seeking retirement plan record keeping and custodial, administrative, trustee, educational support and investment services.
The board made a hire in its investment advisor search late last year.
The plan transitioned to an external currency emerging market debt mandate to move away from its incumbent local currency mandate.
The city launched a search in December seeking a firm to assume a fiduciary role in performing consulting services.
Private capital firm Coller Capital today announced a strategic minority investment in the firm from Hunter Point Capital.
Glynn Capital has hired Thomas McGannon to focus on private and public markets investments.
The RFI follows a key departure from the plan’s general investment consultant.
The city is seeking a consultant for its 457 and 401(a) plans.
The city made the hire at a December council meeting after issuing an RFP in July.