Searches And Hires
The retirement system also saw two investment staff members depart this week.
The town expects to select a firm on Oct. 15.
The RFP will be released next week due to the contract expirations of two incumbents.
The retirement fund is seeking private equity managers across buyout/special situations, growth equity and venture capital managers.
Infrastructure marks a new asset class for the retirement fund.
The township had worked with Fifth Third Bank since 2023.
The council originally issued an RFP for the services in April.
The retirement system also hired new domestic small- to mid-cap equity managers in June.
The retirement system has issued its RFP seeking a U.S. small- to mid-cap equity manager to handle approximately $60 million.
The foundation hired a new investment consultant to take over duties from its incumbent consultant later this year following a search for the services.