The retirement plan will hear from six total firms across core and core-plus strategies in the coming months.
The plan also terminated an international small-cap equity manager for performance reasons.
The merger will legally go into effect on Sept. 30.
Jason Adams will source new investment opportunities, perform due diligence and support portfolio company management teams to help drive value creation.
The retirement plan was notified of five commitments totaling roughly $1 billion last week.
The firm will provide services for the city’s $235 million long-term investment and roughly $22 million debt proceeds portfolios.
The firm raised the fund in a single closing and completed less than five months after its launch.
The firm ported the small-cap growth equity team of Chicago-based emerging manager Bosun Asset Management last quarter.
The consultant’s new cio joined this week from Avantax Wealth Management.
The plan will review a recommendation to hire a new domestic large-cap value equity manager this week.