The pension fund committed to private credit and private equity buyout funds.
The retirement system hired a firm to replace its underperforming incumbent earlier this week.
Firm’s newest research analyst joins from Franklin Templeton.
The pair of commitments are subject to approval from the full board later this month.
The plan will target a proposed allocation of $12 million to $18 million for pacing purposes.
ACORE Credit Partners II closes with total equity commitments of approximately $1.4 billion.
The retirement plan made commitments within its opportunistic credit and private equity buyout portfolios.
The plan terminated its emerging markets equity allocation amid a “challenging environment” for the asset class.
Plan added a $3 million credit commitment last month.
The city is seeking a firm to provide discretionary investment advisory services for its $386 million portfolio.