Brooke Wilson has been promoted to executive director of performance reporting for the firm.
The plan has begun a search seeking passive investment management services.
Geoff Dailey will become the new head of U.S. equities later this year.
The plan will seek approval to liquidate a $51 million mandate, with $15 million going to cash and the remainder to international equity.
One fund is dedicated to early-stage investing while the other focuses on venture growth-stage opportunities.
The fund exceeded its target with a nearly 50% increase over the firm’s second fund.
The state investment commission approved issuing the RFP earlier this week.
The fund closed with $700 million in capital commitments.
The plan made the hires after restructuring its international equity and U.S. fixed-income manager portfolios.
John Mendell has joined the firm as a managing director in its investor relations group.