The plan rehired its investment consultant after initiating a search last quarter.
Plan is seeking a firm to provide non-discretionary private credit investment management services for its new 2% target to the asset class.
Plan added a hedge fund commitment to an emerging manager in addition to a pair of private equity commitments.
Plan intends to complete domestic mid-cap value and growth equity searches by the first quarter.
The plan will release its RFP for a non-discretionary private credit advisory services next week.
Plan will review non-core real estate and private equity search reports provided by general investment consultant AndCo Consulting next month.
The plan initiated a search for a private equity emerging manager to fill a commitment capped at $10 million and completed a core real estate search this week.
Plan will search for private equity managers to fill a new 5% target to the asset class at today’s board meeting.
The new commitment follows one the plan made to a predecessor fund in 2019.
The city’s three pension plans added a second core real estate manager in May.