San Antonio Fire & Police Pension Fund approved a search for an emerging manager of managers, said recently released board meeting minutes.
The $2.6 billion pension fund does not issue RFPs. Investment consultant NEPC will assist.
Further information could not be learned by press time.
Separately, the pension fund named three finalists in its search for a non-core real estate manager, according to the minutes. The finalists are J.P. Morgan Asset Management, AXA Real Estate Investment Managers and Ares Management.
Also, the pension fund committed $15 million to the Invesco U.S. Value-Add Fund IV, a real estate fund managed by Invesco Real Estate. The pension fund previously committed to Invesco.
Matthew O’Reilly, chief investment officer, could not be reached by press time.