The plans worked with their incumbent since 2009.
The firm recently hired two research analysts for the team.
The plan’s general investment consultant informed the board that an RFP would go out this year.
More than 70% of investors globally intend to increase their allocations to private equity this year, according to the results of BlackRock Alternatives’ inaugural survey released today.
The city is seeking a firm to serve as investment advisor for approximately $40 million in assets.
The plan approved the RFP at its board meeting last week.
Erinn King has joined Income Research & Management as chief strategy officer.
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.