The pension system is scheduled to hear a proposed U.S. equity structure this week that would concentrate assets with a “fewer number of higher conviction strategies currently in the portfolio.”
The new appointment went into effect yesterday.
Kinterra Critical Materials & Infrastructure Opportunities Fund II closed at its hard cap of $950 million.
The city is seeking one or separate firms to handle distinct investment advisory and municipal financial product advisory services.
The city hired an inaugural consultant for the trust in 2021 following a similar search process.
The oversubscribed fund closed after four months in the market.
The retirement system added a senior investment analyst to help oversee its $30 billion public equity portfolio.
The plan’s current domestic equity portfolio includes small- to mid-cap growth and small-cap value mandates.
The oversubscribed fund raised over $1 billion of investment capital from a range of global institutional investors.
The retirement system is looking to expand its investment staff through the additions of a private equity director and investment analyst.