The role of senior real estate investment officer is newly created.
The hire concludes the pension plan’s search for a core-plus fixed-income manager to handle between $130 million and $150 million.
The pension plan recently committed $275 million total to two funds and terminated existing convertibles and real estate debt strategies.
The co-founder has rejoined the New England-based alternative asset manager after twenty years.
The pension plan approved an up to $75 million commitment to an early-stage venture capital strategy.
The plan will consider issuing two consultant RFPs due to upcoming contract expirations and recently added a private equity commitment.
The firm’s head of business development will depart as part of a restructuring.
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The commitment will help move the retirement system closer to its 30% non-core real estate target.
The plans currently work with general investment consultant Innovest Portfolio Solutions.