The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
The senior partner will lead the firm’s newly established Washington D.C. office.
The firm has added six managing directors and three principals to its global investor relations and distribution team.
The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.
The new ceo is responsible for the investments, operations and expansion of the firm’s private equity business.
The transaction represents ISCG’s 12th GP investment since its inception in 2019.
The retirement system terminated its domestic core real estate manager after being informed of its underperformance and personnel changes in December.