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Retirement System

Private equity advice for the pension fund

Original title: “RET: Private Equity Consulting”

$1.9M
paid on this contract in FY2025
$19.1M paid so far, of $21.8M agreed · runs to December 2026
July 1, 2017December 31, 2026
running

Paid to

Cambridge Associates LLCprime contractor$19.1M

Paid from, FY2025

The fund tells which City account paid. Enterprise funds (Airport, Muni, Water…) are mostly paid from their own fees, fares and rents; the General Fund is mostly local taxes. The fund does not say where the money first came from.

Pension and employee benefit trust fund · operating100%$1.9M

Paid year by year, FY2018–FY2026

$1.7M in FY2018 · $3.1M in FY2021 (the highest) · $1.7M in FY2026

Click a year to see its amount.

Type and award

Contract type: Purchases without contracting-office approval

Award: No purchasing authority in legacy system

Next contract in this departmentInvestment management for the City employees' pension fund10th of 56 active contracts in this department by amount agreed$15.0M

Contract 1000007477 · Source: Supplier Contracts · every payment on this contract