He will focus on furthering the firm’s institutional business development objectives in North America.
The selected firm will serve an initial three-year term beginning July 1.
He most recently served as a managing director and chief development officer at The Carlyle Group.
The changes will harmonize the investment grade fixed-income portfolios between the board’s three investment plans.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The plan’s private equity committee received two investment recommendations earlier this month and approved two commitments in February.
HPC’s passive minority investment will help L Catterton develop new strategies.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The fund exceeded its fundraising target of $125 million.
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.