Knoxville (Tenn.) City Employees’ Pension Fund committed $5 million each to private equity funds of funds 57 Stars Global Opportunity Fund 4 and NB Crossroads Fund XXI, managed by Neuberger Berman, said Kristi Paczkowski, executive director.
The $553 million pension fund’s investment consultant, Summit Strategies Group, assisted.
Separately, the Knoxville Deferred Compensation Plan rehired Prudential Financial as record keeper, Ms. Paczkowski said. The $36 million 457 plan issued an RFP in August due to the pending expiration of Prudential’s contract. Ms. Paczkowski did not have finalist information.