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The fund invests in middle market North American companies “that provide mission-critical products and services to the infrastructure and building markets.”
James Pruskowski was previously head of institutional and wealth management for municipal bonds at BlackRock.
The plan replaced its passive TIPS mandate with BlackRock and committed to a new credit manager last month.
The plan transitioned to an external currency emerging market debt mandate to move away from its incumbent local currency mandate.
The city launched a search in December seeking a firm to assume a fiduciary role in performing consulting services.
The plan increased its fixed-rate debt target by reducing its public equity target last month.
The fund will invest in commercial real estate equity as well as distressed loans and bonds.
Firm closed its inaugural Barings Innovation and Growth Real Estate Fund and associated vehicles with $680 million.
The plan added $120 million across two commitments with existing manager relationships in recent weeks.
The firm promoted a director to managing director, two v.p.s as principals and a senior analyst to v.p.