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The city is seeking investment management and advisory services for its roughly $103 million investment portfolio.
The new hire will focus on expanding the firm’s institutional investor relationships.
The fund surpassed the firm’s original target of $725 million.
The RFI is seeking investment managers who invest in Ohio-based opportunities and is open to strategies across private equity, infrastructure, real estate, equity and bonds.
The retirement association will consider appointing a new ceo this week.
The acquisition will strengthen Patria Investments’ local presence and investment capacity in North America.
The plan added $45 million in private markets commitments in January and December.
The plan made several changes as part of a total equity structure review at today’s board meeting.
The hire will lead new business development nationally with a focus on institutions, consultants and outsourced cios.
The retirement system and OPEB trust have worked with the incumbent provider since 2014.