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The plan will interview three firms in a domestic small-cap value equity manager search next month.
The plan will also search for private debt and infrastructure managers later this year.
The investment expands Brown Advisory’s outsourced cio and advisory capabilities and provides broader resources and enhanced infrastructure for RockCreek.
The city received four proposals in response to an RFP issued in January.
The deferred compensation plan also terminated its global large-cap growth equity manager in February.
The plan’s investment committee will recommend up to $60 million across two credit funds at the next board meeting.
The city is seeking investment management and advisory services to provide discretionary services for its $25 million investment portfolio.
The pension fund launched a search for managers earlier this year.
The firm added a senior managing director and head of consultant relations from a real estate investment firm.
The firms have enhanced their partnership to expand access to institutional-quality private market capabilities across wealth and retirement channels.