The retirement system is seeking firms to provide private equity and private real return consulting services.
The manager change follows a search presentation from the retirement fund’s consultant last month.
The firm has closed its largest real estate fund to date.
The city issued a similar RFP for investment advisory services in 2019.
The retirement system finalized direct lending and private equity buyout commitments last week.
The deferred compensation plan last conducted a search for the services in 2018.
The city is considering consolidating its two deferred compensations plans into a single one.
The retirement system divvied up $12 million between two private equity co-investment funds-of-funds.
The firm surpassed its fundraising goal by more than $200 million in capital commitments.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.