Global alternatives investment manager Ares Management will acquire a minority stake in institutional scientific fixed-income manager BlueCove Limited.
The district has found a firm to manage its up to $150 million in assets.
The fund raised $8 billion in investable capital.
The plan will receive the real estate recommendation at its board meeting next week and the private equity recommendation in late March.
The town has issued an RFP seeking an advisor for its short-term and medium-term investment portfolio.
The plan launched a search late last year after the former deputy cio moved up to the cio role.
The plan approved follow-on private equity commitments at a meeting today.
Andy Wilmot will head up the firm’s relationship with its strategic partners.
The plan rehired its incumbent for the services at a board meeting last week.