The retirement system also recently made commitments totaling $585 million.
The deferred compensation plan replaced its domestic large-cap value equity manager last quarter.
The new ceo has been with the retirement association since 2021.
The plans named three finalists in their joint RFQ seeking general investment consulting services for public markets yesterday.
The new hire will focus on expanding the firm’s institutional investor relationships.
The retirement association will consider appointing a new ceo this week.
The acquisition will strengthen Patria Investments’ local presence and investment capacity in North America.
Gordon McKemie will lead the development of a dedicated leveraged loans capability within the firm’s fixed-income platform.
The new hire will officially join the firm on April 20.
The retirement system committed to an existing private debt manager relationship in the third quarter.