The plan is conducting the search due to underperformance from its incumbent.
The plan is also working to narrow its infrastructure manager search.
The hire wraps up a search launched earlier this year seeking a firm to provide administrative services, plan implementation, technical services and the investment vehicle for the plans.
The plan committed to a Vista Equity Partners fund at today’s board meeting.
Treasurer Adam Cloud announced his decision to retire at a board meeting today.
The plan will revisit discussions regarding a potential $15 million real estate commitment at a future board meeting.
The plan will issue an RFP for general and alternatives consulting services next week.
The plan is seeking a new executive director to replace Bob Wilson, who will retire later this year.
The plan has found its next cio in a former managing investment director at the California Public Employees’ Retirement System.
New firm will provide investment consulting services for the plans’ $70 million in assets.