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The two managers were placed on watch last quarter for performance reasons.
The fund is more than 50% larger than its predecessor vehicle.
The plan hired two of five firms interviewed for the mandate last week.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
The acquisition will accelerate EQT Real Estate’s evolution into a thematically diversified platform.
The new hire joined the firm from Raymond James Investment Management last month.
The authority made a hire in its search for investment management and custodial/trustee services for its plans.
Prime Buchholz Principal and Director of Consulting Steve Nelson recently left the firm to join investment consulting firm Marsh Investments and Retirement as its U.S. endowment and foundation segment leader to wrap up a search from earlier this year.
The current cio is retiring this month, concluding 25 years of service to the plan.
The commission’s roughly $177.7 million portfolio is currently internally managed.
