The pension plan approved a fiscal year 2025 real estate investment plan on Friday that calls for $240 million in total commitments to the asset class.
The new deputy cio of private markets has been with the plan since 2022.
The pension plan hired a private debt manager and a private equity fund-of-funds manager to each handle 2% allocations in February.
The plan recently hired a fixed-income credit analyst and real estate investment analyst.
The new head of asset management has been with the firm since 2010.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The pension plan eliminated its 5% real estate target as part of a new asset allocation policy approved in the first quarter.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The selected candidate will report to the plan’s real assets investment director.
The authority last rehired its incumbent in 2020.