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The city is seeking a retirement plan consultant for its 401(a) and 457 plans.
The hired firm will provide liquidity to meet the plan’s near-term benefit payments.
The plan approved a new 3% target to infrastructure following an education from its general investment consultant.
Search is for a cio to solely serve the city’s police and fire retirement system.
He will support the due diligence process and drive the growth of portfolio companies.
He will retain his previous responsibilities as head of institutional business.
District is searching for a discretionary manager for $529 million in assets.
The $2.4 billion transaction is expected to close by the end of the second quarter.
The fund focuses on lower middle market buyouts and late-stage growth equity investments.
