The retirement system parted ways with a manager it had worked with since 2009.
FFL Capital Partners VI and related vehicles close with 50% more in committed capital than the preceding fund.
The authority is seeking a firm to provide retirement plan assessment, fiduciary review and benchmarking, among other responsibilities.
The firm’s newest managing director recently held the head of investor relations role at VWH Capital Management.
The pension fund committed $24 million across new real estate manager relationships last month.
The acquisition will accelerate EQT Real Estate’s evolution into a thematically diversified platform.
Commitments included over $1.9 billion to OrbiMed Private Investments X and more than $1 billion to OrbiMed Asia Partners VI.
The firm had been on watch since 2023 for underperformance and the funds have been moved to a passive account.
The pension system also discussed a potential private equity pacing plan that calls for $80 million to $90 million per year to reach its 11% target.
The city may be establishing a new 457(b) plan, replacing an incumbent administrator or formalizing an existing arrangement.