The city is seeking an investment advisor for its $60 million portfolio.
The plan approved a real estate commitment at a meeting last month, completing its annual pacing for the asset class.
The authority is seeking an investment advisor for its retirement funds.
The firm closed its fund at $450 million with support from pension funds, endowments and foundations and family offices.
The firm saw high demand for the fund, which exceeded initial targets and showed representation from existing and new investors.
The new hire will co-head the firm’s business development team and bolster its institutional distribution capabilities.
The firm announced the closing of Sumeru Equity Partners Fund IV at the hard cap with $1.3 billion in total capital commitments.
The plan, which has not had a cio in the past, is looking to fill the position.
The plan has decided to stick with its incumbent to provide investment management services for its approximately $1 billion portfolio.
The new suite offers a way to help investors evaluate sources of risk and opportunities in digital assets.