The fund surpassed its $1.5 billion target.
The plan replaced its outsourced cio at today’s board meeting due to underperformance.
The hire will focus on building relationships with institutions and registered investment advisors across the Midwest and Southeast.
The state fund has committed to a new private credit manager relationship.
The retirement system previously did not have consultant coverage for private equity, private debt and private infrastructure.
The hire will oversee the firm’s institutional client service experience and asset-raising initiatives.
The new managing director has joined the firm from Permira.
The plans have replaced their domestic core-plus fixed-income manager, which had been on watch since the second quarter of 2023.
The fund surpassed its $300 million fundraising target.
Raudline Etienne is founder and ceo of Daraja Capital, a seeding platform that backs first-time opportunistic, private equity, real assets and real estate fund managers led by investment professionals of color and women. She took the time to answer five questions with FIN News.