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The city is looking for an investment manager for its deferred compensation plan.
The pension plan will consider officially appointing the finalist at its March 15 board meeting.
The fund exceeded its $775 million target with $800 million in total commitments.
The plan recently considered increasing its fixed-income target as part of an asset allocation study.
The retirement plan committed to a fund-of-funds following finalist presentations at last month’s meeting.
The search is due to the impending contract expiration of the incumbent, which is welcome to rebid.
The plan also interviewed three core managers to potentially handle the mandate.
The plan also issued a private markets consultant earlier this month.
The appointment has been announced ahead of current CIO Doug Brown’s retirement this summer.
The plan also added a maiden global equity allocation target.