Real Return
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.
The commitments were made across private equity, credit and real assets totaled $725 million.
The retirement system is seeking firms to provide private equity and private real return consulting services.
The investment committee approved a pair of active large-cap equity managers to replace a factor-based allocation this week.
The pension plan will conduct an invitation to bid to fill its 25% public real return allocation.
The commitments represent new manager relationships for the council.
The deferred compensation plan terminated its TIPS manager following a diversified inflation strategies search report in November.
The RFP will seek one or more short-duration high-yield fixed-income managers.
The plan concludes a search that began in February.
The plan is looking for replacements for its dynamic asset allocation investment.