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The plan also made a direct lending commitment in the fourth quarter.
The selected firm will help manage the authority’s bond proceeds.
The retirement system terminated its domestic core real estate manager after being informed of its underperformance and personnel changes in December.
The retirement fund is seeking general investment consultant services as the result of state statute, which requires they be placed out for bid at least every five years.
Following the transaction, Sterling Capital will operate as a standalone entity.
The plan is looking to diversify its current fixed-income bucket.
The retirement system hired three managers and made follow-on commitments to two existing strategies as part of an evergreen private debt search.
The private investment firm added a managing director to its direct lending investment platform.
The private equity firm appointed a 20-year veteran to the newly created role.
Fund is largest pan-regional infrastructure fund to have been raised for Asia Pacific