The pension system increased private equity and infrastructure and real assets following changes approved this week.
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.
The plan replaced one emerging markets equity manager with two new firms in June.
The retirement plan will conduct an invitation-only search for its discretionary private equity portfolio services.
iM Global Partner will “bolster” its fixed-income capabilities thanks to a new partnership with Longfellow Investment Management Co.
The retirement association also recently committed $205 million across six new funds.
The retirement fund’s trustees asked for more information before hiring one firm as the primary consultant and a second for carve-out services following finalist interviews at today’s investment committee meeting.
The selected firm will provide investment strategy and portfolio management, among other responsibilities.
The authority has worked with its incumbent provider since 2008 and last rehired them following a similar search process launched in 2020.
The fundraise includes the successful close of Global Secondary Fund 8.