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Consulting firm acquires Lyxor U.S. and its $20.8 billion in assets under management.
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.
The fund closed at its hard cap of $5 billion in limited partner commitments.
The selected firm will manage a private equity portfolio totaling $400 million over five years.
The city is seeking advisory and consulting services for roughly $183 million in total assets.
The firm has added a three-member managed investment solutions team.
The pension plan opted to extend its general investment consultant contract for one year while it searches for a new executive director and cio.
Acquisition will add roughly $1 billion in assets under management and bolster Blue Owl’s presence in the life sciences sector.
Firm close its ninth fund, the largest in its history, with over $750 million in committed capital.
The plan’s micro-cap manager will now manage small-cap mandates.