The incumbent will serve for a three-year term.
The acquisition would allow The Riverside Company to expand Townsend Group’s market position.
The new executive director joined the plan from the International Association of Machinists and Aerospace Workers National Pension Fund.
The firm has added two new members to its U.S. distribution team.
Trinity Street Asset Management is the tenth partner to join iM Global Partner’s global asset management family and distribution network.
The fund closed at its hard cap of $3.5 billion.
The plan initially hired the core real estate manager in November as part of a search that was launched in 2022.
The selected firm will serve for an initial one-year term beginning on July 1.
The firms are working toward a definitive agreement, which is expected to be announced by the end of the quarter.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.