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The real estate manager has also announced a partner promotion.
The city issued an RFP seeking a firm to manage 80% to 90% of its roughly $200 million investment portfolio.
The pension hired its incumbent consultant following a search conducted in 2025.
The search was first discussed at the plan’s May board meeting.
The plan is looking to invest $200 million with multiple investment managers.
The retirement system moved away from its active domestic large-cap growth equity manager.
The retirement system added direct lending and core real estate commitments at today’s board meeting.
The city’s three pension plans will each be involved in the search.
Stone Point Capital has closed its tenth private equity fund with $11.5 billion in total commitments.
The retirement system will also consider adding a complementary real estate manager at a meeting this week.