The fund will make pre-seed and seed venture capital investments in sectors like artificial intelligence.
The transaction is expected to close in the fourth quarter.
The new hire will report to CIO Sriram Lakshminarayanan.
The fund invests in U.S. lower middle market companies in the manufactured products, business services and consumer industries.
The district expects to notify the selected firm of the contract award on June 30.
The plan expects to announce an intent to award on June 15.
The plan committed $90 million total to new and existing manager relationships yesterday.
The plan’s investment subcommittee will consider domestic mid-cap value and emerging markets equity replacement options at an upcoming meeting.
The commitment is part of a private equity buildout.
The plan’s investment committee approved a real estate commitment with an existing manager last week.