The private credit fund focuses on asset-backed investments.
The plan will consider committing to an existing opportunistic real estate manager at today’s board meeting.
The deferred compensation plan’s executive director will leave to take on a deputy executive director role at the State Teachers Retirement System of Ohio next month.
The new hires represent the “continuation of Edison’s momentum in 2022,” according to the firm.
The transaction increases Franklin Templeton’s alternative assets under management to $260 billion in aggregate.
The officer will report to the plan’s managing director of international real estate.
The firm’s new managing director will also become coo on Jan. 1.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The authority previously hired five managers following a similar RFP process in 2012.