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.
Plan taps a new interim cio as the most recent was named permanent cio of its search plan.
Plan approved a $2 million secondaries commitment at a meeting this week.
Termination shifts large-cap growth assets to a passive allocation in anticipation of investing in mid-cap equities for the first time.
County is seeking a third-party administrator on behalf of its $78.6 million deferred compensation plan.
Plans chose a new consultant over two other finalists that included the incumbent firm.
Plan will a new 5% target to private equity after reviewing a search report last quarter.
Plan added a pair of infrastructure investments totaling $30 million.