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The pension is expanding its emerging manager program into the public equity space after initial investments in alternatives starting in 2022.
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.
The search is opened to commingled funds, mutual funds or limited partnerships.
AEW Capital Management closed its latest real estate fund with $1.77 billion in total equity commitments.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The position was left vacant last month due to a promotion.
The real estate manager has also announced a partner promotion.
The city issued an RFP seeking a firm to manage 80% to 90% of its roughly $200 million investment portfolio.
The pension hired its incumbent consultant following a search conducted in 2025.
The search was first discussed at the plan’s May board meeting.