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MissionSquare Retirement previously provided record keeping and administrative services for the authority’s plans.
The transaction adds $142 billion in assets to Franklin Templeton.
He has joined a woman-owned venture investment platform as a partner.
The plan hired two firms, including one incumbent, following a search launched in late 2022.
The plan is seeking bundled/platform passive management services for various portfolios.
The search comes as the plans were informed that their incumbent advisor was being acquired.
The new investment analyst joins from the state treasurer’s office.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
The town has hired a new record keeper for its deferred compensation plan.
The pension plan made two private equity commitments in August for pacing purposes.