ACORE Credit Partners II closes with total equity commitments of approximately $1.4 billion.
The retirement plan made commitments within its opportunistic credit and private equity buyout portfolios.
The plan terminated its emerging markets equity allocation amid a “challenging environment” for the asset class.
Plan added a $3 million credit commitment last month.
The city is seeking a firm to provide discretionary investment advisory services for its $386 million portfolio.
The city conducted a similar search on behalf of four investment portfolios in 2013.
The Wellington Climate Innovation Fund closed with $385 million in commitments.
The new active core mandate will replace the pension’s passive bond allocation.
Firm’s business development team now stands at four members.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.