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.
The search is open to both traditional investment consultants and outsourced cio service models.
The city initially engaged in a short-term agreement with the manager in October to manage $25 million.
Investment officer will help develop, implement and maintain the plan’s private markets investment portfolios.