The retirement system swapped out managers for its roughly 3% target to the asset class.
The comptroller’s office has issued an RFP for the services on behalf of its deferred compensation and OPEB trust funds.
City council approved the hire of the plans’ first investment consultant after receiving five responses to an RFP issued in October.
Turn/River Capital Fund VI was oversubscribed with $2.5 billion in total commitments.
The search for each retirement plan is due to state statute requirements.
The retirement system is seeking to establish a pool of “possibly two to three” consulting firms to advise on co-investments.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The plan approved a search to fill a $390 million allocation last week.
The city is conducting the search on behalf of its $17.8 million deferred compensation plans.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.