The firm will provide investment management and advisory services for the city’s $157 million investment portfolio of operating and capital funds.
The redemption followed a new asset allocation approved last month that lowered the plan’s real estate target.
The city is seeking firms to provide investment advisory and/or management services.
The plan hired a new core fixed-income manager in March to replace an underperforming core-plus incumbent.
The city has never utilized a firm for the services and the manager will handle a portfolio of roughly $70 million.
He previously led the investment consulting firm’s defined contribution team and has now joined Fidelity Investments.
The firm raised $1.5 billion for the fund, which was created to invest in solutions to decarbonize the power industry.
The firm announced the final close of its seventh private equity fund at $20.5 billion in capital commitments.
The pension fund is seeking buyout and special situations funds to handle an estimated $85 million allocation.
The firm will see various retirements of longtime members in 2025.