The plan approved an up to $20 million commitment to a new fund with an existing manager relationship.
The plan hired a new general investment consultant and consolidated its private markets consulting services with another firm following a similar search in 2021.
The private equity firm closed its second fund with $2 billion in capital commitments.
The plan had been slated to issue its RFP for general investment consulting services this week.
The retirement association’s private credit portfolio stood at 6.4% against an 8% target as of Dec. 31.
The city is seeking non-discretionary portfolio management services on behalf of its $1 billion portfolio.
The search is on behalf of the authority’s money purchase pension plan and trust.
The plan is moving to a new investment consultant after a 15-year tenure with its incumbent, as recommended by staff.
The retirement system has worked with its incumbent general investment consultant since 2009.