The plan invested $500 million each with two core fixed-income managers at today’s board meeting.
Kathryn Leaf will move into the position in 2025, succeeding Managing Partner Paul Ward.
The firm raised $881 million for its sixth flagship private equity fund.
The city launched a search in December due to the incumbent’s contract expiration.
The county is seeking a firm to provide investment advisory services for its roughly $700 million portfolio.
He will be responsible for evaluating new transactions, due diligence, underwriting and working with portfolio companies.
The city is looking for an advisor for its portfolio of approximately $225 million or more.
The plan was slated to interview managers in late 2023 following approval of a new target asset allocation.
The plan invested $4.3 million with a new manager in the asset class in the fourth quarter.
The selected firm will create and manage an investment portfolio and provide reporting and regular updates on portfolio performance, among other responsibilities.