The plan also disclosed $30 million in second quarter alternatives commitments at this week’s board meeting.
The plan also approved a recommendation to exit its midstream energy allocation.
The fund exceeded the firm’s original target by nearly 40% and doubled the predecessor vehicle’s fundraise.
A shifting institutional landscape is forcing asset managers to adjust their distribution tactics, according to Cerulli Associates’ most recent report.
The pension fund approved a non-core infrastructure commitment at an investment meeting this week.
Greg Lindsey joins as managing director for client and partner solutions.
The plan is seeking distressed debt, junior/mezzanine, asset backed and/or direct lending private debt strategies.
The city last conducted a search for the services in 2020.
The city hired Public Trust Advisors to handle the services following an RFP issued at the start of the decade.
The recommended core bond hire represents “one of the final steps in realizing the restructuring of KCERA’s overall fixed income portfolio” from 2023.