The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The plans previously utilized MissionSquare Retirement.
The position will report to Deputy CIO of Private Markets Allen Waldrop.
The incumbent provider will see its contract with the plans expire in August.
The acquisition will see MetLife Investment Management’s assets under management increase to more than $700 billion.
The plan made two commitments totaling $315 million today.
The fund was raised within four months of its launch.
The plan has selected four firms for further due diligence and evaluation.
The role is newly created.
The retirement fund disclosed commitments totaling $850 million in October.