The retirement fund is targeting private equity finalist interviews at its February and March board meetings.
The pension system approved $245 million in private markets commitments over the second half of 2025.
Arctos will become a fully integrated investment unit of KKR.
The plan approved a recommendation from plan staff after tabling a decision from last month.
The firm’s global head of investment research, a newly created role, joins after 25 years at WTW.
The city consolidated to one provider following a similar search process launched in 2015.
The fund closed at its hard cap with $616 million in total commitments, surpassing the private equity firm’s original target of $475 million.
The new directors of U.S. intermediary sales will cover the South Central and Northeast regions, respectively.
The city conducted a similar search for the services last year.
The fund surpassed the firm’s original target of $725 million.