Alternatives
The plan made two private markets commitments following closed session deliberations.
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.