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The redemption follows the death of the firm’s founder and cio last month.
Sergey Goncharov will assume the role after seven years with the firm.
The city is seeking a discretionary investment manager for a portion of its portfolio.
The plan is conducting the search for best practices purposes.
The latest commitment represents the plan’s fourth overall investment with the firm.
The city is seeking investment advisory services for its $630 million portfolio.
Bridge Investment Group has acquired substantially all of private equity secondaries manager Newbury Partners.
Plan will replace a recently terminated core real estate manager.
The plan added a European private equity commitment last week.
The pacing plan will target a total of $80 million to the asset class.