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New managing director and portfolio manager joins from TD Securities.
HPS Core Senior Lending Fund II and parallel investment funds close with approximately $10 billion in investable capital.
The city is seeking an investment manager for its $18 million in pension fund assets.
The plan’s deputy cio had originally joined at the end of 2021.
The selected firm will serve for an initial one-year period beginning Jan. 1.
The plan represents the consulting firm’s first Mass.-based client.
The plan’s incumbents manage more than $1.2 billion.
The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.
CIO and COO Amy McGarrity will serve as the plan’s interim executive director while the search is conducted.
The three new commitments will total up to $130 million following approval from the full board later this month.