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The retirement system is seeking firms to provide private equity and private real return consulting services.
The plan interviewed three firms for its emerging markets equity mandate.
The selected firm will manage a $60 million core long-term investment portfolio.
The manager change follows a search presentation from the retirement fund’s consultant last month.
Public Trust Advisors currently provides investment advisory services for the city.
The firm has closed its largest real estate fund to date.
The plan also made private markets commitments totaling $15 million in January.
The city issued a similar RFP for investment advisory services in 2019.
The plan replaced its domestic core-plus fixed-income manager, which had been on watch for underperformance, in the fourth quarter.
Empower Retirement currently serves as the plan’s record keeper.