The transaction is expected to close by July 1.
The firm appointed several new partners and equity recipients over the past year.
The plan approved a new asset allocation last month and will review potential implementation recommendation in the months ahead.
Windy City plan concluded a general investment consultant search at today’s board meeting.
The new hire will head the firm’s capital solutions activities.
The new coo has been with the firm since 2007.
The firm’s new global head of real assets and private markets has joined from Credit Suisse Asset Management.
The plan agreed to conduct an international large-cap equity manager search and broaden its emerging market debt allocation at today’s board meeting.
The retirement system approved a “disruptive technology investment” at its board meeting today.
The new asset allocation increases its equity target by 3%.