Daily Feed
The board has issued its RFP seeking an investment consultant to oversee assets across five plans due to the upcoming contract expiration of its incumbent consultant, which is invited to rebid.
The fund approved one-year contract extensions for its general investment consultant and alternatives specialist consultant through 2024 at its board meeting earlier this month.
The plan will hold a second round of finalist interviews in its consultant search next month and committed to an existing private equity manager in February.
Total capital available for deployment exceeds $2.8 billion when combined with firm’s levered investment vehicles.
The fund’s close brings the firm’s total capital commitments to more than $8 billion since its 1992 inception.
The plan terminated its active international value equity manager in December due to underperformance.
The city expects to award a contract on April 20.
Sarah Bernstein serves as a managing principal and head of sustainability for investment consulting firm Meketa Investment Group, celebrating her 20 year anniversary with Pension Consulting Alliance/Meketa late last year.
The firm brought on a managing director to lead its asset management equity real estate portfolios.
The search is being conducted to enhance returns and minimize fees.