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The fund employs private equity-style control and high-yielding private credit practices.
The investment company has appointed a president and ceo-elect to begin in the role on Jan. 1 after its top executive transitions to the role of executive chairman.
The plan last committed to Vision Ridge Partners in 2021.
The plan will hire multi-asset credit managers as part of the new structure and commit $170 million total to real estate in fiscal year 2023.
The plan made a commitment to one new manager alongside two follow-on commitments.
Emerging markets is a dynamic asset class where technology, communications and consumer services are gaining market share and successful investing may require nimble strategies to adapt and capture the same growth that underpinned emerging markets prior to the global financial crisis, investment consulting firm Meketa Investment Group says.
City is searching for a firm to oversee its general revenue fund and reserve funds.
Two of the new shareholders joined in April to establish a Chicago office.
Napier Park was acquired by First Eagle Investments in March.
The $30 million transaction is expected to close in the third quarter.
