The pair of commitments are subject to approval from the full board later this month.
The plan will target a proposed allocation of $12 million to $18 million for pacing purposes.
ACORE Credit Partners II closes with total equity commitments of approximately $1.4 billion.
The retirement plan made commitments within its opportunistic credit and private equity buyout portfolios.
The plan terminated its emerging markets equity allocation amid a “challenging environment” for the asset class.
Plan added a $3 million credit commitment last month.
The city is seeking a firm to provide discretionary investment advisory services for its $386 million portfolio.
The city conducted a similar search on behalf of four investment portfolios in 2013.
The Wellington Climate Innovation Fund closed with $385 million in commitments.
The new active core mandate will replace the pension’s passive bond allocation.