Co-Investment Fund VI closes with an oversubscribed $2.5 billion in committed capital.
City manager and council approval of a selected firm are scheduled for Aug. 10.
The latest flagship fund closed with approximately $2.4 billion in total capital commitments.
The retirement system added commitments to one new and one existing manager relationship last week.
The new head of business development on the private equity team joined from Monroe Capital.
The pension fund approved the search for one or two managers last week.
The retirement system moved to a new general investment consultant in the first quarter after cutting ties with its incumbent after roughly 15 years.
The plan will seek one or two managers to handle a total commitment of $450 million.
Institutional investors prioritize stable investment teams and open communication in addition to consistent performance when evaluating managers.
The pension trust is targeting the RFP’s release for early summer.