The agency will shift roughly two-thirds of its investment portfolio to a new active investment advisor.
The township is seeking the services on behalf of its $17.1 million general fund.
The firm’s president retired today after eight years at the company.
The retirement plan and health care trust are conducting separate RFPs due to incumbent contract expirations and state procurement regulations.
The fund surpassed its target with $800 million in capital commitments.
The fund reviewed roughly $1.7 billion in intended private equity and real estate commitments this week.
The middle market private equity firm has appointed Marcelo Claure as partner and co-chair.
The pension system disclosed recent commitments across real estate, private credit and private equity.
The city is seeking to assign roughly $160 million to $180 million of its investment portfolio to an external manager.
The city’s retiree health care trust funds hired a firm for the services following a search conducted in 2020.