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The city is seeking investment advisory services for its $1.5 billion investment portfolio.
Private markets co-investments have seen a steady uptick as they provide a unique opportunity for institutional investors to become better acquainted with managers, especially in today’s slow fundraising environment where GPs have motive to expand their offerings.
The pension plan’s new private credit manager will handle a $30 million allocation.
The partnership will complement and add to Janus Henderson’s $36.3 billion securitized asset business.
The firm removed the interim tag from a team member who had been leading global sales in the client service and marketing group since last June.
The retirement association is considering the two asset classes to replace its commodities portfolio.
An RFP was issued in May and the incumbent will also continue advising the district’s defined contribution plan.
The plan is seeking a firm to provide retirement plan administration, record keeping, technology, compliance, employee education and investment platform services.
The plan will receive information on three real estate managers at its November meeting, which will also see a presentation from an underperforming domestic equity manager.
The organization is searching for a head of strategic investment initiatives to serve as the cross-functional leader between its investments, operations and administration teams.