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Two of the new shareholders joined in April to establish a Chicago office.
Napier Park was acquired by First Eagle Investments in March.
The $30 million transaction is expected to close in the third quarter.
He works with asset class analysts and the director of manager research on research projects.
Plan is seeking broad emerging markets strategies as well as those focused solely on Chinese and Indian equities.
The plan is considering a change in managers after previous manager Allianz Global Investors sold its U.S. business to Voya Investment Management.
The plans will seek approval to hire a new consultant for their $70 million in assets.
The city hired two firms to replace a previously terminated core fixed-income manager.
The plan is looking for potential replacement managers due to asset outflows and personnel turnover at its incumbent.
The plan committed $25 million to a buyout strategy last month.