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Gould helps oversee the Seattle-based foundation’s finances and approximately $825 million investment portfolio, abiding by an investment policy that incorporates a racial equity lens and encourages the organization to add more diverse-owned managers.
The new partnership will see the firm work independently alongside Pinegrove Capital Partners with backing from Brookfield Asset Management and Sequoia Heritage.
The commitments include a new manager relationship for the plan.
The plan currently works with general investment consultant CAPTRUST Financial Advisors.
The city initially engaged in a short-term agreement with the manager in October to manage $25 million.
Investment officer will help develop, implement and maintain the plan’s private markets investment portfolios.
The plan is seeking firms to manage a total of $100 million.
The city expects to select a firm by July.