Daily Feed
The plan approved adding a dedicated high-yield component earlier this year.
The executive director of the $22.2 billion pension plan appears to have left the position.
The close of the fund marks the largest fundraise ever for the private markets firm.
The firm bolstered its fixed-income business with a hire that most recently served at Northern Trust Asset Management.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The new hire will focus on selling the firm’s suite of solutions to institutional investors.
The plan will interview two firms in its general investment consultant search this week.
The deal marks the first outside investment in Fisher Investments.
The city is searching for a firm to recommend investment management, procedural changes and investment selection and perform trades on behalf of its investment portfolios.
The plan disclosed recent private equity, credit and real estate commitments.