The new office will initially support KKR’s real estate, private equity, private wealth and institutional client relationship teams.
The plan’s new private markets allocation will consist of one-third private equity, one-third private debt and one-third real estate/real assets.
MissionSquare Retirement currently provides record keeping and administrative services for the authority’s plans.
The selected general investment consultant will serve from Oct. 1 through Sept. 30, 2024.
The new executive chair has been with the firm for 22 years.
The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
Sixth Street’s new co-cio will join the firm from Goldman Sachs, where he serves as cio of its asset and wealth management unit.
The associate investment officer will report to the plan’s senior investment officer for global private credit.
The plan’s incumbent domestic large-cap growth equity manager had been on watch due to underperformance following the departure of its portfolio manager.