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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
The pension trust is running searches for investment grade corporate credit and multi-asset managers to handle respective allocations of $660 million and $130 million.
He joins the firm as a managing director working with institutional investors.
The town is seeking a manager to oversee three asset pools totaling $185.1 million.