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The retirement system added the two new asset classes as part of a completed asset allocation study.
The plan’s current consultant has been in place since 2006.
The new hire will focus on Catholic and values-based equity strategies for institutional and wealth management clients and advisors.
The city is seeking the services for its investment portfolios of $2.5 million and $1.9 million.
The pension fund committed $10 million to a new relationship at this month’s board meeting.
The program currently has four providers for the services.
The plan is searching for an advisor for an up to five-year contract.
The authority will seek board approval to hire a new investment consultant at a May 21 meeting.
The fund invests in lower middle market growth companies and focuses on the technology and healthcare sectors.
