Denver Employees Retirement Plan hired NEPC as investment consultant.
The $2.3 billion pension fund's board approved the hiring at its Oct. 20 meeting, recently released meeting minutes showed.
There were two other undisclosed finalist firms, according to the minutes.
DERP issued an invitation-only RFP to five consultants earlier this year.
Randall Baum, chief investment officer, said in a February email that current consultant Meketa Investment Group would be eligible to rebid for the services. Baum could not be immediately reached about whether the firm did so.
The pension fund's target allocation is 44% public equities, 23.5% fixed income, 12.5% alternatives, 10% real estate, 7% absolute return and 3% infrastructure.
