The plan will look to commit up to $525 million to private equity and up to $600 million to real assets in 2022.
The city hired a new investment manager for its pension plans at a meeting earlier this month.
The plan approved 2022 real assets and private equity pacing plans as well as new real estate and private equity commitments at today’s board meeting.
The plan intends to rehire its general investment consultant following a search from the third quarter due to its contract expiration.
The plan hired a new bundled provider at a meeting last month.
The plan made a hire in its search for bundled provider services in October.
The plan made up to $350 million in new private commitments over the last quarter.
The county has issued an RFP seeking a third-party administrator for its two plans.
The plan rehired its investment advisor following a search launched this summer.