The plan’s core-plus fixed-income mandate assets have been redistributed to other bond managers.
City Controller Chris Hollins wants any investigation into his office’s fundraising practices to extend to the Mayor’s State of the City event, he said in a letter to the Office of Inspector General and City Council Ethics Committee.
The pension fund also added several private markets commitments in recent months.
The county launched a similar search last year seeking a firm to provide the services for a one-year period.
Kevin Blitz joins the firm’s direct lending platform as a managing director.
The plan is looking to commit a total of $50 million to multiple funds focused exclusively on residential real estate.
The proposed policy would expand the funds’ divestment from fossil fuel reserve owners and exclusion of upstream fossil fuel investments in private markets to cover midstream and downstream infrastructure, such as pipelines and distribution terminals.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The selected advisor will provide non-discretionary management of plan investments.
The search is for services on behalf of the county’s 457(b), 401(a) hybrid and 401(a) defined contribution plans.