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The fund closes at $1.7 billion, above its target size of $1 billion.
City is seeking investment advisory services for its investments, a majority of which are held in local government pools.
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
The council laid out plans to achieve an interim target by 2035.
The position will help support the plan’s private markets portfolio.
The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.
The hire resulted from a new asset allocation change.
The new ceo is responsible for the investments, operations and expansion of the firm’s private equity business.
Growth, core and value styles will all be considered in the search.
The plan has been expected to launch a search for a third-party administrator as the incumbent nears its contract expiration.