Searches And Hires
The retirement system also made a value-add real estate commitment last week.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
The retirement system issued RFPs to comply with state procurement regulations.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
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.