The plan is seeking passive managers for strategies across equity and fixed-income.
The plans will interview four consultants later this week.
The city is seeking financial planning, fiduciary services, investment management, participant education and strategic guidance for its plans.
President Donald Trump’s announcement of a 90-day pause on most tariff hikes on Wednesday sent markets soaring, but the rally was short lived as China continues to strike back.
The launch will expand the firm’s asset-based finance capabilities.
The plan is searching for a private markets investment officer to join its team.
KSL Capital Partners has closed its second tactical opportunities fund with $1.44 billion in total capital commitments.
The selected firm will provide administration, record keeping, communication, education, investment management and custodial trustee services for the plans.
Plan approved initiating a search for real estate managers in March as it winds down another fund.
Pantheon has closed its third senior credit secondaries program with $5.2 billion.