The pension plan disclosed a private equity commitment made last month at yesterday’s board meeting.
The position will report to Director of Private Equity Allen Waldrop.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.
The pension plan committed $21.25 million total to five private markets managers last month.
The pension plan aims to commit $700 million to private equity next year and placed three managers on watch at its board meeting last week.
The firm has added two new members to its private assets team to further develop its infrastructure capabilities.
The new global head of sales and marketing succeeds Alexander Preininger, who had been on leave due to personal circumstances and is now departing the firm.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The deferred compensation plan will issue a record keeper RFP due to the upcoming contract expiration of its incumbent provider.
The pension plan recently committed to an existing credit manager.