The pension plan funded its second separate account mandate for the global equity emerging manager program in June.
The city received two proposals in response to an investment advisor RFP issued in October.
The new hire will lead the private equity firm’s portfolio operations group.
Asset managers are taking advantage of the growing rate of independent and hybrid registered investment advisor channels by enhancing their coverage model and expanding their menu services to fit the needs of the largest RIAs.
Empower Retirement currently provides record keeping, trust and custody services for the deferred compensation plan.
The plan received five proposals in response to a fiduciary consultant RFP issued in January.
The senior investment analyst of private markets will identify strategic and tactical opportunities to enhance the North Dakota State Investment Board’s portfolios.
The proposed transaction is expected to close in mid-2025.
The retirement plan replaced its domestic core-plus fixed-income manager following a bond manager review in May.