The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.
The pension plan approved three commitments totaling $175 million and a private credit pacing plan this week.
The pension plan selected nine real assets equity managers for possible inclusion within its investment lineup today.
The pension plan committed up to $30 million to an existing manager relationship.
Kerusso Capital Management Founder Randell Cain recently celebrated his seventh anniversary as paster of Zion Memorial Missionary Baptist Church.
The search is being conducted as part of a previously approved investment consultant strategy.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.