The private credit and impact investment firm added an associate director to its investment team in April.
The retirement system agreed to part ways with an active manager that had been on watch due to lagging performance.
The retirement system added a new investment analyst from the Sunshine State.
The city is conducting a review of available services and currently utilizes PFM Asset Management.
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
Crescent Direct Lending Fund IV raised $10.8 billion in investable capital.
The new head of government and Taft-Hartley plans most recently served as v.p of government markets at the firm.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The retirement plan also added a private equity commitment at last week’s board meeting.
The retirement system appointed the executive director from a Southern state pension to take on the same role.