The firm hired two teams from LGM and opened an office in Hong Kong to enhance its capabilities in emerging markets and China.
The plan considered a new asset allocation last month that would increase its fixed-rate debt target and previously committed to an existing real estate debt manager.
He will develop and execute the firm’s sales and marketing plan for clients and assets.
The plan expects to conclude the search process in the third quarter.
He is responsible for business development and capital raising activities across the firm’s global private equity strategies.
The plan’s private equity committee considered three commitments totaling $90 million this month.
The plan committed $75 million to a new manager last week.
The plan has worked with its incumbent general investment consultant since 2008.
The plan committed $175 million total to two existing managers last week.
The plan expects to complete the invitation-only RFP process by the end of the third quarter.