Commitment represents a new relationship for the plan.
Funding for the new investments will come from the plan’s existing high-yield mandate.
The new hire previously worked at SVB Capital and BlackRock.
Plan first invested with the real estate manager in 2012.
Plan’s passive investment exposure will now be with one manager.
Plan made $40 million in private equity commitments this month.
Plans expect to award a record keeper contract and discuss the potential replacement of an international value equity manager in September.
New public equity policy targets will help the plan better align with the global marketplace.
Plan’s board committed $160 million to an existing infrastructure manager and was notified of a private equity commitment this week.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.