Plan pushed finalist selection and interviews one month each to allow more time to review RFP submissions.
Plan selected a maiden private credit consultant following finalist interviews held this week.
The plan committed a total of $350 million across two commitments at today’s meeting.
The plan had made allocations to two funds managed by the firm in the fourth quarter of 2021.
The firm added a portfolio manager/investment analyst this week.
The plan introduced new investment grade credit and private credit allocations as part of changes resulting from an asset/liability study.
City completed a 2022 search for portfolio management services of its $50 million portfolio.
Plan has launched a private credit RFP intended to fill a maiden allocation to the asset class.
The plan expects to choose a private credit consultant following finalist interviews with three firms scheduled for tomorrow.