The retirement association was notified of three private equity commitments last week.
The new senior institutional advisor is based in Pittsburgh.
The investment board also hired a new international growth equity manager.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The retirement system made six commitments totaling $265 million this week.
The retirement system hired a new international large-cap core equity manager for diversification purposes last month.
Investors will need to focus more on adaptability, manager selection and resilience to find success amid a rapidly changing investment landscape driven by AI, secondaries opportunities and growing private credit markets, according to an annual report from global private markets investment manager Hamilton Lane.
The plan also hired two credit managers in the fourth quarter.
Investors are being more deliberate in their approach to private markets capital deployment given concerns over liquidity constraints, rapid technological change and geopolitical risk, according to a new survey from private markets investment manager Adams Street Partners.
The new principal will lead the firm’s capital markets and leveraged finance activities.