Alternatives
The plan approved the RFPs last week for best practices and due to the evolution of its portfolio through the addition of private markets.
The retirement fund added $249 million in new commitment at last week’s board meeting.
The search is open to primary and secondary options.
The infrastructure asset class would mark a new investment for the plan.
The fund and its general investment consultant will consider segmenting the fixed-income allocation into core investment grade and return-seeking credit.
The $100 million investment followed finalist interviews at this month’s board meeting after the fund launched a search in late 2025.
The retirement system also hired two value-add real estate managers today.
The city’s two retirement systems committed $12 million apiece for pacing purposes.
The plan made up to $90 million in commitments at today’s board meeting.
The plan’s full board will approve the investment committee’s commitments this week.