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The agency issued an RFP seeking services for its capital funds earlier this year.
The plan continues to fill out its investment staff with the additions of two new asset class heads.
The city is looking for a firm to handle up to $450 million in operating and capital funds.
The pension plan recently committed to an existing credit manager.
The pension plan committed $140 million total to two managers yesterday.
The firm closed its lower middle market private equity fund with $400 million in commitments.
The acquisition will provide PEM with enhanced growth opportunities.
The current head of the platform will retire early next year.
The search is open to fund-of-funds, co-investments and private debt strategies.
The plan named its new executive director from within the organization.