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.
The plan made a value-add real estate commitment for pacing purposes at yesterday’s board meeting.
The plan last rehired Segal Marco Advisors as its general investment consultant in 2017.
The plan disclosed a recent infrastructure commitment with a new manager.
The plan last rehired Galliard Capital Management in 2017.